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USEC bulk and containerized scrap prices continue to fall

Bulk prices to the US East Coast (USEC) continued to fall on Tuesday, with contacts believing that the market has not reached bottom yet.

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt -0.7
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.11
Billet - FOB ex-Russia, $/mt -1.58
Rebar - FOB Turkey, $/mt -1.71
HRC - FOB China, big mills, $/mt 1
Wire Rod - FOB China, $/mt 0
Click to see all prices
Product Weekly Change (%)
Billets FOB China -0.54
Iron ore (62%) CFR China -0.1
Rebar FOB Turkey -1.71
Scrap HMS I/II 80:20 CFR Turkey -2.11
Click to see all prices
  Weekly Change (%)
Turkish Rebar Index -1
Turkish Scrap Index -1.29
US (East Coast) HMS I/II scrap export index -1.32
Click to see full list