Free fall in China results in further drop in ex-ASEAN billet prices

The Chinese billet market has been in free fall, resulting in an extremely bearish mood in the billet market in the Asian ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 5.79
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 -1.03
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey -1.97
Billets FOB Black Sea n/a
Rebar FOB Turkey -2.1
Scrap HMS I/II 80:20 CFR Turkey -1.93
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  Weekly Change (%)
Turkish Rebar Index -2.04
Turkish Scrap Index 0.38
China rebar export index -4
China wire rod domestic market index -0.68
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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