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Canadian domestic scrap prices soften as mills pause purchases amid tariff turmoil

Ferrous scrap prices for the Canadian domestic market dropped slightly during the September trade cycle amid uncertainty regarding US steel tariffs

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -1.77
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 1.97
Billet - FOB ex-Russia, $/mt 0
Rebar - FOB Turkey, $/mt 1.67
HRC - FOB China, big mills, $/mt -0.39
Wire Rod - FOB China, $/mt 0.49
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Product Weekly Change (%)
Billets FOB China 0
Iron ore (62%) CFR China 0.8
Rebar FOB Turkey 0.84
Scrap HMS I/II 80:20 CFR Turkey 1.95
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  Weekly Change (%)
Turkish Rebar Index 1.3
Turkish Scrap Index 0.02
US (East Coast) HMS I/II scrap export index 0
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