16
May
14:07
Costlier raw materials offset Asia price hikes: Moody's
Higher raw material costs will offset the benefits of price increases for Asia-Pacific (APAC) steelmakers, reducing their margins and raising their leverage, says Moody’s.
Iron ore and coking coal prices have surged in recent months and will likely stay elevated as the Ukraine war further tightens supply. Meanwhile, steel demand from APAC will be steady, which along with elevated steel prices, will support steelmakers' revenue. Some APAC steelmakers have…
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Anonymous
Very good overview of the weekly steel market.
Anonymous