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 3.06
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.6
Billet - FOB ex-Russia, $/mt -4.42
Rebar - FOB Turkey, $/mt -0.87
HRC - FOB China, $/mt 0.51
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
HRC FOB CIS n/a
HRC imports CFR Turkey -1.23
Iron ore (62%) CFR China 4.47
Welded Pipes FOB China 0
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  Weekly Change (%)
Turkish HRC Index -1.39
China HRC export index -0.5
Black Sea HRC Export Index -0.75
Turkish HDG Index 0
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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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