Turkey’s hollow section prices continue to fall as negative pressures persist

Turkish hollow section domestic and export prices have declined further this week reflecting difficulties in the local market ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 0.44
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0.97
Billet - FOB ex-Russia, $/mt -1.07
Rebar - FOB Turkey, $/mt -0.83
HRC - FOB China, $/mt 1.47
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
HRC FOB CIS n/a
HRC imports CFR Turkey 1.21
Iron ore (62%) CFR China 0.44
Welded Pipes FOB China 0
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  Weekly Change (%)
Turkish HRC Index -0.23
China HRC export index 0
Black Sea HRC Export Index -0.75
Turkish HDG Index -0.6
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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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