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 1.21
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0.27
Billet - FOB ex-Russia, $/mt 0
Rebar - FOB Turkey, $/mt 0
HRC - FOB China, $/mt 0
Wire Rod - FOB China, $/mt 2.17
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Product Weekly Change (%)
Billets FOB China 5.33
Iron ore (62%) CFR China 1.21
Rebar FOB Turkey 0
Scrap HMS I/II 80:20 CFR Turkey 0.41
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  Weekly Change (%)
Turkish Rebar Index 0.36
Turkish Scrap Index 0.56
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index -4.82
Click to see full list
USA Scrap Export January - May 2024 / mton
Turkey 1,784,072
Mexico 1,017,150
Bangladesh 673,419
Taiwan 534,354
India 494,666
Click to see full list

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