US November scrap seen strong sideways to $30/gt higher as mills emerge from outages, yard inventories improve

US domestic scrap pricing for the month of November is seen trending strong sideways to as much as $30/gt higher next month, as ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -4.65
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -0.64
Billet - FOB ex-Russia, $/mt 0.34
Rebar - FOB Turkey, $/mt 0.44
HRC - FOB China, $/mt 0
Wire Rod - FOB China, $/mt -2.05
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Product Weekly Change (%)
Billets FOB China -1.65
Iron ore (62%) CFR China -3.78
Rebar FOB Turkey 0.44
Scrap HMS I/II 80:20 CFR Turkey 0.72
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -1.07
Turkish Scrap Index -2.33
Black Sea HRC Export Index -0.75
US (East Coast) HMS I/II scrap export index -4.86
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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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