US flat steel pricing continues lower on scant demand, bottom may be approaching

US flat steel prices continued lower this week on scant mid-July demand for finished steel products, though market insiders ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -8.9
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 2.23
Billet - FOB ex-Russia, $/mt -1.08
Rebar - FOB Turkey, $/mt 0.87
HRC - FOB China, $/mt 0.54
Wire Rod - FOB China, $/mt -2.13
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Product Weekly Change (%)
HDG FOB China -0.83
HRC FOB Turkey 0
Iron ore (62%) CFR China 5.04
Scrap HMS I/II 80:20 CFR Turkey 0.42
Click to see all prices
  Weekly Change (%)
Turkish Scrap Index 0.23
China HRC export index 0.54
China CRC export index 0.89
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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