US steel pipe prices sharply lower as flat steel prices find bottom, rig count remains low

US domestic pipe prices were reported sharply lower this week as US flat steel prices may have found bottom, and the US rig ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 3.65
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.94
Billet - FOB ex-Russia, $/mt -1.63
Rebar - FOB Turkey, $/mt -0.86
HRC - FOB China, $/mt -1.49
Wire Rod - FOB China, $/mt -1.03
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Product Weekly Change (%)
HRC FOB CIS n/a
HRC imports CFR Turkey -2.04
Iron ore (62%) CFR China -5.98
Welded Pipes FOB China -3.88
Click to see all prices
  Weekly Change (%)
Turkish HRC Index -1.05
China HRC export index -2.41
Black Sea HRC Export Index -0.75
Turkish HDG Index -1.19
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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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