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Local German scrap market on the rise in May, outlook stable at high levels

The most relevant issue in the local German scrap market this month has been the acquisition of Scholz Group by the French-based ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 0.81
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.11
Billet - FOB ex-Russia, $/mt 0
Rebar - FOB Turkey, $/mt 0
HRC - FOB China, big mills, $/mt 1
Wire Rod - FOB China, $/mt 0
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Product Weekly Change (%)
Billets FOB China -0.54
Iron ore (62%) CFR China -0.1
Rebar FOB Turkey -1.71
Scrap HMS I/II 80:20 CFR Turkey -2.11
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  Weekly Change (%)
Turkish Rebar Index -1
Turkish Scrap Index -1.29
US (East Coast) HMS I/II scrap export index -1.32
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