Turkey's hollow section prices still decline, with buyers expecting further price falls

Given the declining trends in hot rolled coil (HRC) and scrap prices, Turkish pipe producers have had no choice but to ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -4.65
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -0.64
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
Click to see all prices
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
Click to see all prices
  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
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
Click to see full list

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