Ex-India pellets enter new downtrend amid fading demand, weak steel prices in China

The recent recovery in the Indian pellet export market has been reversed, with prices suffering setbacks amid the quick end to ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 1.24
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -0.55
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Product Weekly Change (%)
Billets FOB China 1.08
Iron ore (62%) CFR China 1.24
Rebar FOB Turkey -0.83
Scrap HMS I/II 80:20 CFR Turkey -2.96
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  Weekly Change (%)
Turkish Rebar Index -1.8
Turkish Scrap Index -1.91
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index -3.29
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USA Scrap Export January - July 2024 / mton
Turkey 2,551,083
Mexico 1,338,092
Bangladesh 1,040,581
India 764,040
Taiwan 732,465
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