Will early scrap predictions have an impact on US domestic wire rod?

Early predictions for the US domestic scrap trend for November are pointing toward a stable to possible upward trend

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 3.99
Scrap HMS I/II 80:20, CFR Turkey, $/mt 6.18
Billet FOB CIS, $/mt 2.63
Rebar FOB Turkey, $/mt 2.96
HRC FOB China, $/mt -0.54
Wire Rod FOB China, $/mt -3.21
Click to see all prices
Product Weekly Change (%)
Billets CFR Turkey 2.53
Billets FOB Black Sea 2.63
Rebar FOB Turkey 3.57
Scrap HMS I/II 80:20 CFR Turkey 6.41
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 4.6
Turkish Scrap Index 4.11
China rebar export index -5.44
China wire rod domestic market index -2.71
Click to see full list
USA Scrap Export January - September 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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