HRC-rebar price gap in Chinese market drops to $5/mt amid strong pressure on HRC from abroad

Over the past week, the gap between local Chinese HRC and rebar prices has narrowed significantly to a historical low as ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 0.3
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0
Billet - FOB ex-Russia, $/mt 0
Rebar - FOB Turkey, $/mt -0.44
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Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China -1.64
HRC FOB Turkey -1.83
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Scrap HMS I/II 80:20 CFR Turkey 0.72
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  Weekly Change (%)
Turkish Scrap Index 0.27
China HRC export index 0
China CRC export index -0.59
Turkish HDG Index -0.64
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Turkey 3,128,796
Mexico 1,523,835
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India 861,646
Taiwan 842,231
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