Chinese domestic steel section prices decline

Chinese domestic steel section prices have followed a fluctuating downward trend during past week.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 11.67
Scrap HMS I/II 80:20, CFR Turkey, $/mt -4.38
Billet FOB CIS, $/mt -2.68
Rebar FOB Turkey, $/mt -1.75
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Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
Billets CFR Turkey -3.18
Billets FOB Black Sea -2.68
Rebar FOB Turkey -1.75
Scrap HMS I/II 80:20 CFR Turkey -4.98
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  Weekly Change (%)
Turkish Rebar Index -2.86
Turkish Scrap Index -6.53
China rebar export index 0.55
China wire rod domestic market index -0.79
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