Daily iron ore prices CFR China – January 24, 2022
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Noticias
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S. Korean mills voice more bids for import scrap, trying to further attract volumes
As mentioned before by SteelOrbis, South Korean mills are trying to secure scrap tonnages by increasing their import scrap prices.
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Local Turkish rebar spot prices trend up
Today, January 24, Turkish domestic rebar spot prices have increased by TRY 50-100/mt ($2-6/mt) compared to the end of last week.
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Turkey’s import scrap market stable for now, signs of possible slight decline
Since late Friday, January 21, rumors of deals considered to have been done during the week have been heard in Turkey’s import market.
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UAE-based ESI rolls over rebar price for February
Emirati rebar producers have continued to face challenges in selling material due to the insufficient demand from end-users.
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Local Indian CRC price outlook divergent as mills bullish, consumers cautious
Local Indian cold rolled coil (CRC) traded prices have been stable during the past week with the potential to move in either direction.
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Indian HRC traded prices stable amid improved bookings, rise expected for Feb
Local Indian hot rolled coil (HRC) traded prices have remained stable during the past week on improved bookings from producers.
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Ex-China steel plate prices edge up, mainly amid better outlook
Mainstream ex-China steel plate offer prices from mills have been heard at $790-800/mt FOB for March shipment as of today.