Global View on Billet: Market fails to find common trend as China’s return not so positive, but scrap up

Sentiments in the global billet market have been mixed in early February. On one hand, an increase in scrap prices in the ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -3.22
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0.8
Billet - FOB ex-Russia, $/mt 1.12
Rebar - FOB Turkey, $/mt 1.75
HRC - FOB China, $/mt -1.05
Wire Rod - FOB China, $/mt -1.6
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey 0
Billets FOB Black Sea n/a
Rebar FOB Turkey 1.75
Scrap HMS I/II 80:20 CFR Turkey 1.49
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 0.62
Turkish Scrap Index -0.96
China rebar export index 0
China wire rod domestic market index -0.79
Click to see full list
USA Scrap Export January - November 2024 / mton
Turkey 4,253,753
Mexico 2,121,228
Bangladesh 1,789,701
India 1,283,107
Taiwan 1,139,252
Click to see full list

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