Turkey’s local and export hollow section prices rise, but outlook uncertain

Given the recent increase in the Turkish hot rolled coil (HRC) market as a result of the surge in Chinese HRC prices, Turkish ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 1.17
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -0.55
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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 -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 - 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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