US flat steel pricing mixed with December scrap talked sideways for now

Scrap insiders reported that recent snow storms in the Midwest and US Northeast could change the outlook for December scrap in ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 3.11
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.53
Billet - FOB ex-Russia, $/mt -1.63
Rebar - FOB Turkey, $/mt -0.86
HRC - FOB China, $/mt -1.49
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China -0.41
HRC FOB Turkey -0.87
Iron ore (62%) CFR China 4.14
Scrap HMS I/II 80:20 CFR Turkey -1.83
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  Weekly Change (%)
Turkish Scrap Index -1.31
China HRC export index -1.49
China CRC export index -0.86
Turkish HDG Index -1.2
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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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