Ex-India billet under pressure of both local drop and competition in global market

Ex-India billet prices were under a big pressure from price slump and surplus inventories in the domestic market, while major ...

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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
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Wire Rod - FOB China, $/mt -2.13
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Product Weekly Change (%)
Billets CFR Turkey 1.03
Billets FOB Black Sea n/a
Rebar FOB Turkey 0
Scrap HMS I/II 80:20 CFR Turkey 0.42
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  Weekly Change (%)
Turkish Rebar Index -0.06
Turkish Scrap Index 0.23
China rebar export index 1.63
China wire rod domestic market index 1.93
Click to see full list
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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