Indian pellet export prices down, resumed production in Karnataka to add more pressure

Indian iron ore pellet offers weakened during the past week and deals were limited by falling demand from Chinese steel mills.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -0.52
Scrap HMS I/II 80:20, CFR Turkey, $/mt -3.68
Billet FOB CIS, $/mt 0
Rebar FOB Turkey, $/mt -1.12
HRC FOB China, $/mt 1.5
Wire Rod FOB China, $/mt 1.56
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Product Weekly Change (%)
Billets FOB China 0.57
Iron ore (62%) CFR China 2.8
Rebar FOB Turkey -1.12
Scrap HMS I/II 80:20 CFR Turkey 0
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  Weekly Change (%)
Turkish Rebar Index 0.04
Turkish Scrap Index 0.16
Black Sea HRC Export Index -0.31
US (East Coast) HMS I/II scrap export index -4.71
Click to see full list
USA Scrap Export January - July 2019 / mton
Turkey 2,080,339
Canada 1,116,168
Taiwan 1,014,662
Mexico 785,701
South Korea 739,024
Click to see full list

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