Latin American steel industry cannot compete with China says Techint CEO

Vedoya used a soccer expression to refer to China, stating that the competition with that country is not possible because ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -0.81
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 3.83
Billet - FOB ex-Russia, $/mt 1.14
Rebar - FOB Turkey, $/mt 0
HRC - FOB China, $/mt -1.51
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
HRC SS400 FOB China -1.51
Iron ore (62%) CFR China 0.53
Rebar FOB Turkey 0
Scrap HMS I/II 80:20 CFR Turkey 2.52
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  Weekly Change (%)
Turkish Rebar Index -1.07
Turkish Scrap Index -2.33
China HRC export index 0.51
US (East Coast) HMS I/II scrap export index -4.86
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USA Scrap Export January - August 2024 / mton
Turkey 3,128,796
Mexico 1,523,835
Bangladesh 1,336,514
India 861,646
Taiwan 842,231
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