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 3.65
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.94
Billet - FOB ex-Russia, $/mt -1.63
Rebar - FOB Turkey, $/mt -0.86
HRC - FOB China, $/mt -1.49
Wire Rod - FOB China, $/mt -1.03
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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 -1.93
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -2.04
Turkish Scrap Index 0.38
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 - 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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