December US scrap markets now seen sideways to soft sideways as domestic demand lags

“Industrial inflows are still way off,” said one Midwest scrap insider. “I am looking at soft-sideways with slow inflows ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 2.76
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -1.59
Billet - FOB ex-Russia, $/mt -1.63
Rebar - FOB Turkey, $/mt -0.87
HRC - FOB China, $/mt -0.5
Wire Rod - FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
Billets FOB China 0.56
Iron ore (62%) CFR China 4.14
Rebar FOB Turkey -0.86
Scrap HMS I/II 80:20 CFR Turkey -1.83
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -1.37
Turkish Scrap Index -1.31
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index -2.23
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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