Local Chinese rebar prices up 1.8% in mid-March, but outlook worsens

In mid-March (March 11-20) this year, the average price in China of 16-25 mm HRB 400 rebar increased by RMB 62.3/mt ($8.8/mt).

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -2.57
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0
Billet FOB CIS, $/mt -0.36
Rebar FOB Turkey, $/mt -0.54
HRC FOB China, $/mt -0.94
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HRC SS400 FOB China -1.89
Iron ore (62%) CFR China -2.57
Rebar FOB Turkey -0.54
Scrap HMS I/II 80:20 CFR Turkey 0
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  Weekly Change (%)
Turkish Rebar Index 1.36
Turkish Scrap Index 2.92
China HRC export index 0
US (East Coast) HMS I/II scrap export index 1.63
Click to see full list
USA Scrap Export January - May 2020 / mton
Turkey 1,254,918
Mexico 740,650
Malaysia 717,986
Taiwan 560,445
South Korea 358,480
Click to see full list

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