Ex-China HRC prices under pressure, still far from being the most competitive

Chinese hot rolled coil (HRC) export offers have been in chaos.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -0.11
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0.1
Billet FOB CIS, $/mt -2.08
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt -0.57
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China 2.83
HRC FOB Turkey 3.85
Iron ore (62%) CFR China 4.76
Scrap HMS I/II 80:20 CFR Turkey 2.36
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  Weekly Change (%)
Turkish Scrap Index 2
China HRC export index 2.94
China CRC export index 1.07
Turkish HDG Index 0.88
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USA Scrap Export January - December 2019 / mton
Turkey 3,915,625
Taiwan 1,881,751
Canada 1,725,713
Mexico 1,455,900
Vietnam 1,271,173
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