Local Chinese longs prices fail to rise after holiday amid lack of new stimuli from finance ministry

As of October 14, average Chinese domestic rebar and wire rod prices have indicated decreases amid declining rebar ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -5.1
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.87
Billet - FOB ex-Russia, $/mt 0
Rebar - FOB Turkey, $/mt -1.6
HRC - FOB China, $/mt -3.26
Wire Rod - FOB China, $/mt -3.4
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Product Weekly Change (%)
Billets CFR Turkey 0.5
Billets FOB Black Sea n/a
Rebar FOB Turkey 3.73
Scrap HMS I/II 80:20 CFR Turkey 0.79
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  Weekly Change (%)
Turkish Rebar Index 2.48
Turkish Scrap Index 3.07
China rebar export index -2.72
China wire rod domestic market index 0
Click to see full list
USA Scrap Export January - June 2024 / mton
Turkey 2,141,771
Mexico 1,162,207
Bangladesh 910,754
India 644,745
Taiwan 621,772
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