US line pipe market activity slows amidst crashing oil prices

The US rotary rig count has continued to plunge amidst crashing oil prices. Earlier today, SteelOrbis reported that the week-over-week oil rig count

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt -0.11
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0.1
Billet FOB CIS, $/mt -2.08
Rebar FOB Turkey, $/mt 0
HRC FOB China, $/mt -0.57
Wire Rod FOB China, $/mt 0
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Product Weekly Change (%)
HRC FOB CIS 2.76
HRC imports CFR Turkey 2.67
Iron ore (62%) CFR China 4.76
Welded Pipes FOB China 0
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  Weekly Change (%)
Turkish HRC Index 4.31
China HRC export index 2.94
Black Sea HRC Export Index 4.16
Turkish HDG Index 0.88
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USA Scrap Export January - December 2019 / mton
Turkey 3,915,625
Taiwan 1,881,751
Canada 1,725,713
Mexico 1,455,900
Vietnam 1,271,173
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