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USWC ferrous scrap prices retain downward trend

Containerized ferrous scrap prices on the USWC continued to drop on Wednesday as contacts report that Asian mills continue to push prices down

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Product Weekly Change (%)
Iron Ore - 62% Fe, CFR China, $/mt 1.82
Scrap - HMS I/II 80:20, CFR Turkey, $/mt -2.11
Billet - FOB ex-Russia, $/mt 0
Rebar - FOB Turkey, $/mt -0.87
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