Ex-CIS billet sold at higher prices to North Africa, further rise targeted

CIS-based steel mills have managed to get higher billet prices in new deals to North Africa.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 0.44
Scrap HMS I/II 80:20, CFR Turkey, $/mt 3.63
Billet FOB CIS, $/mt 3.03
Rebar FOB Turkey, $/mt 3.47
HRC FOB China, $/mt 1.06
Wire Rod FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey 5.59
Billets FOB Black Sea 2.52
Rebar FOB Turkey 3.47
Scrap HMS I/II 80:20 CFR Turkey 4.66
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  Weekly Change (%)
Turkish Rebar Index 2.29
Turkish Scrap Index 4.54
China rebar export index 0
China wire rod domestic market index -4.91
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USA Scrap Export January - May 2019 / mton
Turkey 1,368,298
Canada 724,162
Taiwan 705,863
South Korea 616,019
Mexico 558,141
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