Russia’s quota for BPI in EU exhausted for 2024, quota for 2025 to be used up in Q1

The total 2024 quota for ex-Russia pig iron in Europe has been exhausted this week, accelerating talk about a possible rise in ...

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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
Billet - FOB ex-Russia, $/mt -2.09
Rebar - FOB Turkey, $/mt -1.64
HRC - FOB China, $/mt 0
Wire Rod - FOB China, $/mt 0.51
Click to see all prices
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
Click to see all prices
  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
Click to see full list
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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