Market to adjust to new normal after last minute move to exempt ex-Brazil BPI from 50% tariff in US

The last minute decision of the US to exempt a number of products, pig iron in particular, from 50 percent tariff again ...

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -0.1
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 0.29
Billet - FOB ex-Russia, $/mt -1.36
Rebar - FOB Turkey, $/mt -0.45
HRC - FOB China, big mills, $/mt -1.05
Wire Rod - FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
Billets FOB China -1.72
Iron ore (62%) CFR China 0.14
Rebar FOB Turkey 0.92
Scrap HMS I/II 80:20 CFR Turkey 0
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index 0.21
Turkish Scrap Index 1.06
US (East Coast) HMS I/II scrap export index 0.49
Click to see full list
USA Scrap Export January - October 2025 / mton
Turkey 2,128,660
Bangladesh 919,962
India 753,108
Mexico 709,223
Taiwan 595,765
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