Price of Brazilian high-grade iron ore increases sharply
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Prime grade scrap in Turkey is now closer to $510/mt CFR, in a new ex-Finland deal disclosed today, February 10.
Ex-CIS billet prices have hit a new high this week, approaching $700/mt FOB, mainly amid demand seen not only from Egypt, as over the past few weeks.
Billet trading in the Southeast Asian market has been poor this week as the majority of offers have increased to above $700/mt CFR.
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Global scrap suppliers have continued to voice higher prices in offers to the Asian markets, in particular to Pakistan.
SteelOrbis reported that South Korean mill Hyundai would announce its new bids today, February 10.
Pakistani producers of cold rolled (CR) and hot dip galvanized (HDG) coils have finally announced new offer prices for the domestic market.
Longs exporters from Turkey have attempted another price increase for both rebar and wire rod.