Local Indian HRC prices declines for fourth consecutive week

Local Indian hot rolled coil (HRC) prices have continued their downward trend for the fourth consecutive week.

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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
Billet FOB CIS, $/mt 1.17
Rebar FOB Turkey, $/mt -1.05
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China 1.65
HRC FOB Turkey 0
Iron ore (62%) CFR China 0.3
Scrap HMS I/II 80:20 CFR Turkey -1.18
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  Weekly Change (%)
Turkish Scrap Index -1.24
China HRC export index 0
China CRC export index 0
Turkish HDG Index -0.74
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