Import HRC deals in UAE concluded below $500/mt CFR

Over the past two weeks, import hot rolled coil (HRC) offers to the United Arab Emirates (UAE) have continued to move downwards.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -0.87
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Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey -1.89
Iron ore (62%) CFR China 1.68
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  Weekly Change (%)
Turkish Scrap Index 0.71
China HRC export index 0.92
China CRC export index 0.86
Turkish HDG Index -2.67
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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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