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US scrap weekly: Bullishness sets in the market; rumors out of ReMA Round Tables

Positive sentiment continues to build in the US scrap market, with several participants expecting a few grades to receive a price upgrade for October

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -2.51
Scrap - HMS I/II 80:20, CFR Turkey, $/mt 1.03
Billet - FOB ex-Russia, $/mt 2.73
Rebar - FOB Turkey, $/mt 3.29
HRC - FOB China, big mills, $/mt -0.49
Wire Rod - FOB China, $/mt -0.98
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Product Weekly Change (%)
Billets FOB China 0
Iron ore (62%) CFR China -0.1
Rebar FOB Turkey 1.67
Scrap HMS I/II 80:20 CFR Turkey 4.57
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  Weekly Change (%)
Turkish Rebar Index 2.15
Turkish Scrap Index -0.11
US (East Coast) HMS I/II scrap export index 0.31
Click to see full list