Local Chinese steel pipe prices decrease amid lower upstream prices

Local Chinese steel pipe prices have followed a downward trend during the past week. Local Chinese seamless pipe prices have ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -3.78
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 1.16
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 (%)
HRC FOB CIS n/a
HRC imports CFR Turkey -2.59
Iron ore (62%) CFR China -3.78
Welded Pipes FOB China 0
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  Weekly Change (%)
Turkish HRC Index -1.18
China HRC export index 0.51
Black Sea HRC Export Index -0.75
Turkish HDG Index -2.44
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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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