Local Chinese HDG market moves sideways

During the week ending February 8, average prices in the Chinese domestic hot dip galvanized (HDG) market have moved on a stable trend.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 0.52
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 -6.42
Wire Rod FOB China, $/mt -3.15
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Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey -3.64
Iron ore (62%) CFR China 0.27
Scrap HMS I/II 80:20 CFR Turkey -0.44
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  Weekly Change (%)
Turkish Scrap Index -0.86
China HRC export index -6.42
China CRC export index -4.04
Turkish HDG Index 0
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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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