According to the British analytical Agency MEPS, world brokers in the market of black scrap began to lower their forecasts for price and sales volumes in 2013. Price volatility has returned to key markets raw materials for the steel industry, particularly for iron ore and coking coal. The negative pressure also has intensified after reports emerged that the Federal reserve plans to scale back its stimulus program. The problem is compounded by the fact that it was fear that China's Central Bank will maintain tight monetary policy.
For the second straight month scrap prices in June declined in all of the seventeen markets black scrap (export/import) surveyed by MEPS. Domestic prices also declined in 13 countries of the study. The average reduction ranged from 0.4% to 9.7%.
MetalTorg.Ru