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Slight improvement seen in Chinese billet market, start of a trend in Asia?

Prices for Chinese billet in both local and export markets have been corrected up slightly early this week, supported by the ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -0.76
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0
Billet - FOB ex-Russia, $/mt 0.81
Rebar - FOB Turkey, $/mt -0.46
HRC - FOB China, big mills, $/mt 1.06
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
Billets CFR Turkey 1.62
Billets FOB Black Sea -
Rebar FOB Turkey -0.46
Scrap HMS I/II 80:20 CFR Turkey 0.72
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  Weekly Change (%)
Turkish Rebar Index -0.28
Turkish Scrap Index 1.04
China rebar export index 0
China wire rod domestic market index 1.02
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USA Scrap Export January - November 2025 / mton
Turkey 2,128,660
Bangladesh 919,962
India 753,108
Mexico 709,223
Taiwan 595,765
Click to see full list