US line pipe market sees upside in increased scrap prices

US domestic scrap prices have settled up by approximately $20/gt ($20/mt) in most parts of the country, and

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Product Weekly Change (%)
Iron Ore 62% Fe, CFR China, $/mt 7.29
Scrap HMS I/II 80:20, CFR Turkey, $/mt 0.38
Billet FOB CIS, $/mt 2.72
Rebar FOB Turkey, $/mt 0.6
HRC FOB China, $/mt 1.7
Wire Rod FOB China, $/mt 2.2
Click to see all prices
Product Weekly Change (%)
HRC FOB CIS 1.27
HRC imports CFR Turkey 1.21
Iron ore (62%) CFR China 5.27
Welded Pipes FOB China 0
Click to see all prices
  Weekly Change (%)
Turkish HRC Index 2.29
China HRC export index 1.83
Black Sea HRC Export Index 1.15
Turkish HDG Index 5.97
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USA Scrap Export January - May 2019 / mton
Turkey 1,368,298
Canada 724,162
Taiwan 705,863
South Korea 616,019
Mexico 558,141
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