Ex-Belgium scrap deal in Turkey confirmed, indicates a significant price fall

Earlier today, June 25, SteelOrbis mentioned a rumor about an ex-Belgium booking made in Turkey, which was confirmed since then ...

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 5.47
Scrap HMS I/II 80:20, CFR Turkey, $/mt -0.78
Billet FOB CIS, $/mt 2.76
Rebar FOB Turkey, $/mt -1.8
HRC FOB China, $/mt 0.55
Wire Rod FOB China, $/mt 1.08
Click to see all prices
Product Weekly Change (%)
Billets FOB China 0.57
Iron ore (62%) CFR China 5.47
Rebar FOB Turkey -1.8
Scrap HMS I/II 80:20 CFR Turkey -0.78
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 0.23
Turkish Scrap Index -0.48
Black Sea HRC Export Index -1.35
US (East Coast) HMS I/II scrap export index -0.91
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