Shagang Group raises scrap purchase prices by RMB 100/mt

China’s largest private steelmaker, has announced that as of October 9 it will increase its purchase prices for scrap by RMB 100/mt ($14/mt).

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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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