US pipe prices steady to lower in limited trade, even as flat steel pricing begins upward creep

Following three weeks of steady pricing, the SteelOrbis spot average for hot-rolled coils (HRC) was a bit higher this past week ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 3.11
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.53
Billet - FOB ex-Russia, $/mt -1.63
Rebar - FOB Turkey, $/mt -0.86
HRC - FOB China, $/mt -1.49
Wire Rod - FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
HRC FOB CIS n/a
HRC imports CFR Turkey -0.19
Iron ore (62%) CFR China 4.14
Welded Pipes FOB China 0
Click to see all prices
  Weekly Change (%)
Turkish HRC Index -0.82
China HRC export index -1.49
Black Sea HRC Export Index -0.75
Turkish HDG Index -1.2
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
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