Slab suppliers face resistance from buyers in Asia

Asian buyers have been cautious in import slab purchases over the past week after an increase in prices.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -4.26
Scrap HMS I/II 80:20, CFR Turkey, $/mt 1.14
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt 1.68
HRC FOB China, $/mt 0.48
Wire Rod FOB China, $/mt 0.97
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Product Weekly Change (%)
HDG FOB China 0.78
HRC FOB Turkey 0.39
Iron ore (62%) CFR China -2.94
Scrap HMS I/II 80:20 CFR Turkey 1.68
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  Weekly Change (%)
Turkish Scrap Index 0.9
China HRC export index 0.48
China CRC export index 0
Turkish HDG Index 0.72
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USA Scrap Export January - May 2020 / mton
Turkey 1,552,734
Mexico 871,655
Malaysia 774,680
Taiwan 707,184
Bangladesh 602,535
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