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Raw material increases are pushing steel prices up in Europe & Asia, following US lead

Featuring Mark Wiggett

July 24, 2013 11:00:00 EST (6:28 mins)

In this latest video, Mark Wiggett, editor for Platts Global Market Outlook, discusses the weak demand and lack of restocking that beset steel markets in Q2; how prices for raw materials and hot rolled coil have rebounded in the US going into Q3, with Europe & Asia beginning to follow in late June and early July; and how positive Chinese GDP news has encouraged regional prices to begin to rise, together with higher iron ore and scrap prices.

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