Supply-demand imbalance leads to further iron ore price decrease

Limited buying activity in China and strong supply from major exporters pushed iron ore prices down again.

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Iron Ore 62% Fe, CFR China, $/mt -7.13
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Billets FOB China -2.22
Iron ore (62%) CFR China -0.64
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  Weekly Change (%)
Turkish Rebar Index 2.49
Turkish Scrap Index 1.59
Black Sea HRC Export Index -4.47
US (East Coast) HMS I/II scrap export index 3.55
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USA Scrap Export January - May 2019 / mton
Turkey 1,368,298
Canada 724,162
Taiwan 705,863
South Korea 616,019
Mexico 558,141
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