Indian billet exporters defer offers amid surging local sales and prices

Indian billet exporters have been deferring attempts to hike export offers, following uncertain cues from China and limited ...

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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
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Product Weekly Change (%)
Billets CFR Turkey -1.97
Billets FOB Black Sea n/a
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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
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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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