Iron ore loses over $5/mt on Tuesday, reflecting demand-supply imbalance

Prices for imported iron ore in China have posted a significant drop of over $5/mt or five percent on June 11, the first day ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -8.9
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 2.23
Billet - FOB ex-Russia, $/mt -1.08
Rebar - FOB Turkey, $/mt 0.87
HRC - FOB China, $/mt 0.54
Wire Rod - FOB China, $/mt -2.13
Click to see all prices
Product Weekly Change (%)
Billets FOB China -5.59
Iron ore (62%) CFR China 5.04
Rebar FOB Turkey 0
Scrap HMS I/II 80:20 CFR Turkey 0.42
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -0.06
Turkish Scrap Index 0.23
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index 0.89
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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