US flat steel mixed on sideways July scrap, tariff uncertainty, improved domestic production

US flat steel prices were mixed this week amid reports that July scrap could settle sideways for July even as output from ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 0.79
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 1.03
Billet - FOB ex-Russia, $/mt 1.4
Rebar - FOB Turkey, $/mt 0
HRC - FOB China, $/mt 1.1
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
HDG FOB China 1.76
HRC FOB Turkey -2.81
Iron ore (62%) CFR China 1.76
Scrap HMS I/II 80:20 CFR Turkey 0.29
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  Weekly Change (%)
Turkish Scrap Index -0.22
China HRC export index 0
China CRC export index 0
Turkish HDG Index -2.63
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USA Scrap Export January - March 2025 / mton
Turkey 1,545,220
Bangladesh 689,657
India 589,385
Mexico 526,720
Taiwan 385,814
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