US scrap prices in August: Variations are expected

The situation in the US domestic scrap market is largely on par with what we reported a week ago: most sources believe that

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 2.14
Scrap HMS I/II 80:20, CFR Turkey, $/mt 2.26
Billet FOB CIS, $/mt 1.27
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt 0
Wire Rod FOB China, $/mt 1.03
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Product Weekly Change (%)
Billets FOB China 1.12
Iron ore (62%) CFR China 7.46
Rebar FOB Turkey 1.71
Scrap HMS I/II 80:20 CFR Turkey 2.26
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  Weekly Change (%)
Turkish Rebar Index 3.68
Turkish Scrap Index 2.79
Black Sea HRC Export Index 6.91
US (East Coast) HMS I/II scrap export index 3.33
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