Global View on HRC: Mood negative in most regions amid declines in China, prices rise in Europe

During the third week of December, the global hot rolled coil (HRC) market has continued to see mainly the same developments ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -3.78
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 1.16
Billet - FOB ex-Russia, $/mt 0.34
Rebar - FOB Turkey, $/mt 0.44
HRC - FOB China, $/mt 0
Wire Rod - FOB China, $/mt -2.05
Click to see all prices
Product Weekly Change (%)
HDG FOB China -1.64
HRC FOB Turkey -1.83
Iron ore (62%) CFR China -3.78
Scrap HMS I/II 80:20 CFR Turkey 0.72
Click to see all prices
  Weekly Change (%)
Turkish Scrap Index -2.33
China HRC export index 0.51
China CRC export index -0.87
Turkish HDG Index -2.44
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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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