Average HRB 400 rebar price in China up 2.2 percent in late Feb

In late February, the average price in China of 16-25 mm HRB 400 rebar was RMB 4,154.8/mt , up 2.2 percent from mid-February.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 0.93
Scrap HMS I/II 80:20, CFR Turkey, $/mt -3.08
Billet FOB CIS, $/mt -1.14
Rebar FOB Turkey, $/mt -2.06
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 4.81
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Product Weekly Change (%)
HRC SS400 FOB China 0
Iron ore (62%) CFR China 2.15
Rebar FOB Turkey -2.06
Scrap HMS I/II 80:20 CFR Turkey -3.72
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  Weekly Change (%)
Turkish Rebar Index -3.64
Turkish Scrap Index -0.65
China HRC export index -2.98
US (East Coast) HMS I/II scrap export index -1.45
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USA Scrap Export January - July 2018 / mton
Turkey 2,037,452
Mexico 1,232,043
Taiwan 1,109,412
Canada 701,790
India 664,246
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