US CRC prices increase fails to move the market

Last week’s mill price increase announcements have failed to push US domestic CRC spot market prices higher. Current prices are still

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -4.03
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0.73
Billet FOB CIS, $/mt -1.49
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China 0
HRC FOB Turkey -1.96
Iron ore (62%) CFR China -1.06
Scrap HMS I/II 80:20 CFR Turkey 0.73
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  Weekly Change (%)
Turkish Scrap Index -1.24
China HRC export index 2.86
China CRC export index 0.85
Turkish HDG Index -1.44
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USA Scrap Export January - November 2018 / mton
Turkey 3,226,222
Taiwan 1,780,739
Mexico 1,729,572
Canada 1,305,613
Vietnam 980,223
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