MEPS podcast explores 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”. 

The steelmaking raw materials-themed episode of Speaking of Steel podcast’s Market in Minutes series can be accessed via all major podcast platforms. Click on the below links to watch: 

YouTube: https://youtu.be/5XJ_RMf2hCk

Spotify: https://podcasters.spotify.com/pod/show/meps-international/episodes/12--Exploring-steelmaking-raw-materials-prices-e2qs8r0

Apple Podcasts: https://podcasts.apple.com/us/podcast/12-exploring-steelmaking-raw-materials-prices/id1756464954?i=1000676650241

Click subscribe on any of the above platforms to ensure that you never miss an episode of Speaking of Steel, or Market in Minutes, in future. 

MEPS International provides independently researched global steel prices and indices, and steel price forecasts to steel market participants across the world. The insight delivered by the business, which is celebrating its 45th anniversary in 2024, covers 28 countries across 5 continents. Contact MEPS today for details of how to subscribe.