Containerized shredded scrap prices in Pakistan exceed $320/mt CFR in new deals

Following the firm uptrend in the global market, buyers in Pakistan have been forced to accept a further increase.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -3.35
Scrap HMS I/II 80:20, CFR Turkey, $/mt -1.66
Billet FOB CIS, $/mt -0.61
Rebar FOB Turkey, $/mt -1.08
HRC FOB China, $/mt -2.38
Wire Rod FOB China, $/mt -1.93
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Product Weekly Change (%)
Billets FOB China -1.09
Iron ore (62%) CFR China -7.82
Rebar FOB Turkey -1.08
Scrap HMS I/II 80:20 CFR Turkey -1.66
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  Weekly Change (%)
Turkish Rebar Index -1.22
Turkish Scrap Index -1.51
Black Sea HRC Export Index 0.3
US (East Coast) HMS I/II scrap export index -1.24
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USA Scrap Export January - May 2020 / mton
Turkey 1,254,918
Mexico 740,650
Malaysia 717,986
Taiwan 560,445
South Korea 358,480
Click to see full list

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