Mining Companies Lose Power Over Steel-Making Material Prices

JOHANNESBURG--October 30, 2014--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Future steel prices will not follow the patterns of the past decade. The industry has entered a new era, in which the international mining companies have lost their power to lift the selling prices of steel-making raw materials. As a result, steel mill prices are expected to be driven mainly by market supply and demand in the medium term, reports market analyst MEPS International (Sheffield, England).

Within this article: Update on the global market for steelmaking raw materials.