Local Indian HRC prices continue to fall, import trend shows decline but pressures remain

Local Indian hot rolled coil (HRC) trade prices have continued on a downward trend, with prices falling in reaction to lower ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -1.27
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -0.64
Billet - FOB ex-Russia, $/mt -0.34
Rebar - FOB Turkey, $/mt -0.44
HRC - FOB China, $/mt -2.04
Wire Rod - FOB China, $/mt -0.52
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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
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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
Click to see full list
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
Click to see full list

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