Indian HDG export offers tumble in reaction to overall fall in global flat steel prices

Indian exporters hot dip galvanized (HDG) coil offers have tumbled during the past week.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 6.78
Scrap HMS I/II 80:20, CFR Turkey, $/mt 6.6
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Rebar FOB Turkey, $/mt 3.57
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Product Weekly Change (%)
HDG FOB China -2.09
HRC FOB Turkey 0
Iron ore (62%) CFR China 6.76
Scrap HMS I/II 80:20 CFR Turkey 6.41
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  Weekly Change (%)
Turkish Scrap Index -5
China HRC export index -2.94
China CRC export index -2.61
Turkish HDG Index -1.53
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USA Scrap Export January - September 2019 / mton
Turkey 2,706,290
Canada 1,503,585
Taiwan 1,308,577
Vietnam 1,107,996
Mexico 1,065,042
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