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12. Exploring steelmaking raw materials prices
The latest episode of the Speaking of Steel podcast’s Market in Minutes insight series sheds light on the influence of raw material costs on global steel prices.
Following on from this week’s release of the Speaking of Steel US Election Special, MEPS International market analyst Ewan Gilfillan also summarises the key trends influencing the price of iron ore, coking coal and scrap.
Gilfillan also discusses the likely influence of the Chinese government’s latest economic stimulus measures and the election of Donald Trump as the 47th president of the United States in the seven-minute online offering.
“One of the big things that we're analysing now is the effect of Trump's election and the suggestion that he would impose tariffs on imports coming into the US,” he tells MEPS’s managing editor, Tom Sharpe.
“When you look at raw material costs after the election result, they moved slightly but raw material costs are largely driven by the what's happening in China and what's happening in Australia because they're such important sources.”
Gilfillan said that a change to US import policies could increase the risk of “tit-for-tat tariffs” that would disrupt trade flows. This could reduce demand for raw materials in certain countries. Gilfillan said the effects of the US presidential outcome were currently “uncertain”.
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The latest episode of the Speaking of Steel podcast’s Market in Minutes insight series sheds light on the influence of raw material costs on global steel prices.
Following on from this week’s release of the Speaking of Steel US Election Special, MEPS International market analyst Ewan Gilfillan also summarises the key trends influencing the price of iron ore, coking coal and scrap.
Gilfillan also discusses the likely influence of the Chinese government’s latest economic stimulus measures and the election of Donald Trump as the 47th president of the United States in the seven-minute online offering.
“One of the big things that we're analysing now is the effect of Trump's election and the suggestion that he would impose tariffs on imports coming into the US,” he tells MEPS’s managing editor, Tom Sharpe.
“When you look at raw material costs after the election result, they moved slightly but raw material costs are largely driven by the what's happening in China and what's happening in Australia because they're such important sources.”
Gilfillan said that a change to US import policies could increase the risk of “tit-for-tat tariffs” that would disrupt trade flows. This could reduce demand for raw materials in certain countries. Gilfillan said the effects of the US presidential outcome were currently “uncertain”.