Latin America’s apparent steel usage to increase in 2019

Latin America’s apparent steel usage should increase from 67 million mt in 2018 to 68.9 million mt in 2019

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -0.33
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 1.94
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Product Weekly Change (%)
HRC SS400 FOB China 0
Iron ore (62%) CFR China 6.03
Rebar FOB Turkey -2.63
Scrap HMS I/II 80:20 CFR Turkey -3.38
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  Weekly Change (%)
Turkish Rebar Index -2.96
Turkish Scrap Index -3.84
China HRC export index 0
US (East Coast) HMS I/II scrap export index -6.09
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USA Scrap Export January - November 2018 / mton
Turkey 3,226,222
Taiwan 1,780,739
Mexico 1,729,572
Canada 1,305,613
Vietnam 980,223
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