US domestic rebar prices continue trending downward

Purchasing activity within the US domestic rebar market is currently light as buyers wait for prices to hit bottom, which has

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 0.86
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0
Billet FOB CIS, $/mt 1.17
Rebar FOB Turkey, $/mt -1.05
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Product Weekly Change (%)
Billets CFR Turkey 1.13
Billets FOB Black Sea 1.17
Rebar FOB Turkey -1.05
Scrap HMS I/II 80:20 CFR Turkey -1.18
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  Weekly Change (%)
Turkish Rebar Index -0.69
Turkish Scrap Index -1.24
China rebar export index 0
China wire rod domestic market index -0.75
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