Interest in US import rebar remains limited

Although there is currently ample availability of US import rebar positions at the ports, interest remains muted as rebar buyers

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -1.32
Scrap HMS I/II 80:20, CFR Turkey, $/mt 1.6
Billet FOB CIS, $/mt 0.86
Rebar FOB Turkey, $/mt 1.13
HRC FOB China, $/mt -0.48
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
Billets CFR Turkey 0
Billets FOB Black Sea 0.86
Rebar FOB Turkey 1.13
Scrap HMS I/II 80:20 CFR Turkey 0.8
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  Weekly Change (%)
Turkish Rebar Index -0.11
Turkish Scrap Index -0.01
China rebar export index 1.58
China wire rod domestic market index 1.5
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USA Scrap Export January - May 2020 / mton
Turkey 1,552,734
Mexico 871,655
Malaysia 774,680
Taiwan 707,184
Bangladesh 602,535
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