Steel pushes up raw material prices

Metal Bulletin Research have witnessed a pick-up in steel raw materials prices this month, largely on the back of improving steel prices, which have meant that consumers have been willing to pay more than was the case before.

  
It is important to note, however, that this uptrend has been more pronounced in scrap and metallic prices, as opposed to iron ore benchmarks.

Metal Bulletin’s Iron Ore Index for 62% material cfr Qingdao has increased on average by just over $3/tonne through the past month, to close to $60/tonne average for April (at the time of writing), though highs of $70/tonne have been reached in the tail end of this month, and we remain closer to $70/tonne than $60/tonne in the final week...

Published

May 01, 2016

00:00 GMT