S. Korea continues to buy Russian A3 scrap, POSCO bids for Japanese scrap

South Korean producers are showing little interest in Japanese scrap, except for POSCO which shares bids from time to time 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
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
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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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