US domestic wire rod prices stabilize for now

Expectations within the US domestic scrap market have settled into a likely sideways trend for shredded scrap, which will

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 1.72
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0
Billet FOB CIS, $/mt 3.3
Rebar FOB Turkey, $/mt 3.03
HRC FOB China, $/mt 0.95
Wire Rod FOB China, $/mt -2.36
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Product Weekly Change (%)
Billets CFR Turkey 3.19
Billets FOB Black Sea 3.3
Rebar FOB Turkey 3.03
Scrap HMS I/II 80:20 CFR Turkey 0
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 3.39
Turkish Scrap Index 1.16
China rebar export index 10
China wire rod domestic market index 0.87
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USA Scrap Export January - September 2018 / mton
Turkey 2,688,836
Mexico 1,477,248
Taiwan 1,423,740
Canada 934,402
India 771,974
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