South Korea’s POSCO bids for Japanese scrap for second consecutive week

South Korean steelmaker POSCO has continued to share bids for Japanese scrap. Although domestic scrap prices in South Korea are ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -5.98
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -1.93
Billet - FOB ex-Russia, $/mt -0.54
Rebar - FOB Turkey, $/mt -2.1
HRC - FOB China, $/mt -2.42
Wire Rod - FOB China, $/mt -2.01
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Product Weekly Change (%)
Billets FOB China -4.79
Iron ore (62%) CFR China -5.98
Rebar FOB Turkey -2.1
Scrap HMS I/II 80:20 CFR Turkey 0.97
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  Weekly Change (%)
Turkish Rebar Index -0.97
Turkish Scrap Index -0.39
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index -0.44
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USA Scrap Export January - August 2024 / mton
Turkey 3,128,796
Mexico 1,523,835
Bangladesh 1,336,514
India 861,646
Taiwan 842,231
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