Spanish mills seek measures against trade diversion from Turkey, Asia

Unesid asked the European Union to take measures against trade diversion because of the Section 232 duties the US has implemented.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -1.47
Scrap HMS I/II 80:20, CFR Turkey, $/mt -0.44
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt -0.98
HRC FOB China, $/mt -7.34
Wire Rod FOB China, $/mt -5.41
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Product Weekly Change (%)
HRC SS400 FOB China -6.42
Iron ore (62%) CFR China 0.27
Rebar FOB Turkey -0.98
Scrap HMS I/II 80:20 CFR Turkey -0.44
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  Weekly Change (%)
Turkish Rebar Index -1.97
Turkish Scrap Index -0.86
China HRC export index -6.42
US (East Coast) HMS I/II scrap export index -0.47
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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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