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Scrap price crash puts further pressure on global steel markets

Featuring Mark Wiggett

March 05, 2015 11:00:00 EST (5:46 mins)

Mark Wiggett, editor for Platts Global Market Outlook, assesses key developments in the global steel and raw material markets. Scrap prices dropped sharply from mid-January. Meanwhile, iron ore levels continued their fall during January, before holding steady in early February. US flats dropped in January and in early February; European coil prices rose slightly in February but Asian coil prices continued to fall before stabilizing around Chinese New Year.

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