Global stainless steel use expected to increase by four percent in 2024

In particular, global hot rolled and cold rolled stainless steel consumption are expected to rise by 3.6 percent and 4.7 percent ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 2.52
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -0.55
Billet - FOB ex-Russia, $/mt -2.09
Rebar - FOB Turkey, $/mt -1.64
HRC - FOB China, $/mt 0
Wire Rod - FOB China, $/mt 0.51
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Product Weekly Change (%)
HRC SS400 FOB China -1.92
Iron ore (62%) CFR China 0
Rebar FOB Turkey -1.63
Scrap HMS I/II 80:20 CFR Turkey -2.96
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  Weekly Change (%)
Turkish Rebar Index -1.8
Turkish Scrap Index -1.91
China HRC export index -1.93
US (East Coast) HMS I/II scrap export index -3.29
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USA Scrap Export January - June 2024 / mton
Turkey 2,141,771
Mexico 1,162,207
Bangladesh 910,754
India 644,745
Taiwan 621,772
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