Iron ore prices fall below $90/mt CFR, lowest level since early September

Iron ore spot prices have dropped on Wednesday, October 16, due to futures fall, subdued buying and outlook for reduction of consumption.

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 5.16
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
Wire Rod FOB China, $/mt -3.21
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Product Weekly Change (%)
Billets FOB China -2.86
Iron ore (62%) CFR China 6.76
Rebar FOB Turkey 3.57
Scrap HMS I/II 80:20 CFR Turkey 6.41
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  Weekly Change (%)
Turkish Rebar Index 4.6
Turkish Scrap Index 4.11
Black Sea HRC Export Index -2.14
US (East Coast) HMS I/II scrap export index 7.93
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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
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