Ex-CIS billet prices strengthen in deals to outlets other than China

CIS-based producers have been able to increase billet prices in deals to Europe and Africa, though overall contract volumes have been limited.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 5.47
Scrap HMS I/II 80:20, CFR Turkey, $/mt -0.78
Billet FOB CIS, $/mt 2.76
Rebar FOB Turkey, $/mt -1.8
HRC FOB China, $/mt 0.55
Wire Rod FOB China, $/mt 1.08
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Product Weekly Change (%)
Billets CFR Turkey 0.26
Billets FOB Black Sea 2.76
Rebar FOB Turkey -1.8
Scrap HMS I/II 80:20 CFR Turkey -0.78
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  Weekly Change (%)
Turkish Rebar Index 0.23
Turkish Scrap Index -0.48
China rebar export index 0
China wire rod domestic market index -0.32
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