Local Chinese longs prices retreat, futures drop sharply, stocks still high

During the week ending March 23, average prices of Chinese domestic rebar and wire rod have moved down.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -2.46
Scrap HMS I/II 80:20, CFR Turkey, $/mt -1.9
Billet FOB CIS, $/mt -2.92
Rebar FOB Turkey, $/mt -3.16
HRC FOB China, $/mt -1.18
Wire Rod FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey -7.53
Billets FOB Black Sea -2.92
Rebar FOB Turkey -3.16
Scrap HMS I/II 80:20 CFR Turkey -1.9
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -7.04
Turkish Scrap Index -14.39
China rebar export index -3.37
China wire rod domestic market index -0.5
Click to see full list
USA Scrap Export January - October 2019 / mton
Turkey 2,706,290
Canada 1,503,585
Taiwan 1,308,577
Vietnam 1,107,996
Mexico 1,065,042
Click to see full list

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