Local Chinese HRC prices move down slightly

During the week ending May 28, average hot rolled coil (HRC) prices in the Chinese domestic market have edged down slightly.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -6.89
Scrap HMS I/II 80:20, CFR Turkey, $/mt -4.79
Billet FOB CIS, $/mt -1.38
Rebar FOB Turkey, $/mt -1.19
HRC FOB China, $/mt -1.08
Wire Rod FOB China, $/mt -1.55
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Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey -1.06
Iron ore (62%) CFR China -6.9
Scrap HMS I/II 80:20 CFR Turkey -4.98
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  Weekly Change (%)
Turkish Scrap Index -2
China HRC export index 0
China CRC export index 0
Turkish HDG Index -1.56
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