Chinese currency falls to lowest level since December allowing steel exporters to give discounts

Chinese currency has fallen to its weakest level against the US dollar since December 2018 due to the escalation of the trade conflict.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -5.77
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0.68
Billet FOB CIS, $/mt -0.68
Rebar FOB Turkey, $/mt 0.6
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HRC SS400 FOB China 0
Iron ore (62%) CFR China -6.24
Rebar FOB Turkey 0.6
Scrap HMS I/II 80:20 CFR Turkey 0.97
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  Weekly Change (%)
Turkish Rebar Index 1.57
Turkish Scrap Index 0.98
China HRC export index 0
US (East Coast) HMS I/II scrap export index 1.1
Click to see full list
USA Scrap Export January - May 2019 / mton
Turkey 1,368,298
Canada 724,162
Taiwan 705,863
South Korea 616,019
Mexico 558,141
Click to see full list