Local Chinese pipe prices keep falling amid lackluster demand

Local Chinese steel pipe prices have continued to fall during the past week.  Local Chinese seamless pipe prices have ...

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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
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Product Weekly Change (%)
HRC FOB CIS n/a
HRC imports CFR Turkey 1.21
Iron ore (62%) CFR China 1.24
Welded Pipes FOB China 0
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  Weekly Change (%)
Turkish HRC Index -1.33
China HRC export index -1.93
Black Sea HRC Export Index -0.75
Turkish HDG Index -2.3
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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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