Further declines in local Italian scrap prices, outlook negative

Local scrap prices in Italy have fallen again, by €5-10/mt, over the past week, depending on the steel mill and the grade ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 7.01
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 4.83
Billet - FOB ex-Russia, $/mt 2.16
Rebar - FOB Turkey, $/mt 1.69
HRC - FOB China, $/mt 12.17
Wire Rod - FOB China, $/mt 5.1
Click to see all prices
Product Weekly Change (%)
Billets FOB China 6.25
Iron ore (62%) CFR China 7.01
Rebar FOB Turkey 1.69
Scrap HMS I/II 80:20 CFR Turkey 4.83
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 1.44
Turkish Scrap Index -0.32
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index 0.29
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
Click to see full list

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