Raw materials focus

摘要

Last month we may have been reticent in pointing outthat prices may be dose to bottoming but following months of dedine and still sluggish supply-demand fundamentals, particularly given the approaching summer slowdowns in the Northern Hemisphere, we were right to be cautious. Having picked up slightly in mid-June, thanks largely to a US scrap price revival, Metal Bulletin Research's (MBR) Steel Raw Materials Index slipped again into early July.