Slab prices in Asia rising fast, following gains in HRC market

Slab suppliers have increased prices by about $10-15/mt for Asian customers over the past week.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -2.57
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0
Billet FOB CIS, $/mt -0.36
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt -0.94
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China -0.78
HRC FOB Turkey 2.91
Iron ore (62%) CFR China -2.57
Scrap HMS I/II 80:20 CFR Turkey 2.81
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  Weekly Change (%)
Turkish Scrap Index 2.92
China HRC export index 0
China CRC export index 1.65
Turkish HDG Index 5.31
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USA Scrap Export January - May 2020 / mton
Turkey 1,254,918
Mexico 740,650
Malaysia 717,986
Taiwan 560,445
South Korea 358,480
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