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Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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March 2020 | Steel Raw Materials


A sharp decline in steel margins is yet to be reflected in steelmaking raw material prices: Latest Analysis


The future direction of iron ore prices will be a result of two opposite forces.

A sharp decline in steel margins is yet to be reflected in steelmaking raw material prices Chinese steelmakers' margins have been wiped off. The operating margins for Chinese mills fell into negative territory for hot-rolled coil (HRC) in February. For rebar, the margin plummeted by 87% from November to $9 per tonne in February. Unless steel prices recover, the pressure will remain on Chinese steelmakers to cut costs and this will be a major...

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