Slow HRC trade activity in UAE even though ex-China offers soften further

Given the weak local demand and volatile HRC import offers, particularly from China, Emirati purchasers have remained mute on ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -2.07
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0
Billet - FOB ex-Russia, $/mt -0.54
Rebar - FOB Turkey, $/mt 0.43
HRC - FOB China, $/mt 0.54
Wire Rod - FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey 0
Iron ore (62%) CFR China 1.21
Scrap HMS I/II 80:20 CFR Turkey 0.41
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  Weekly Change (%)
Turkish Scrap Index 0.56
China HRC export index 0
China CRC export index -0.45
Turkish HDG Index -0.64
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USA Scrap Export January - May 2024 / mton
Turkey 1,784,072
Mexico 1,017,150
Bangladesh 673,419
Taiwan 534,354
India 494,666
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