Global View on Billet: Prices inevitably keep falling as China still has major impact

Prices for billet in the major trade destinations have continued to fall this week despite expectations for a stabilization. ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -3.78
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 1.16
Billet - FOB ex-Russia, $/mt 0.34
Rebar - FOB Turkey, $/mt 0.44
HRC - FOB China, $/mt 0
Wire Rod - FOB China, $/mt -2.05
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey 0
Billets FOB Black Sea n/a
Rebar FOB Turkey 0.44
Scrap HMS I/II 80:20 CFR Turkey 0.72
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -1.07
Turkish Scrap Index -2.33
China rebar export index 0
China wire rod domestic market index 0.63
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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