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Listen: Coking coal, ferrous scrap markets update in face of US steel tariffs, Turkey, China trade developments

S&P Global Platts updates on Atlantic steel raw materials markets, with global met coal seaborne prices stabilizing in the $180s/mt FOB range after some weakness in July on trade concerns. US steel tariffs, Turkey, and China trade developments are impacting demand and supply diversification in steel raw materials. At the same time, strong US domestic met coal demand and outlook for 2019 is leaving US coal and coke suppliers with some price support.

Turkish ferrous scrap prices dropped more than $50/mt since the end of June to below $300/mt CFR for HMS 1/2 (80:20) last week, as higher US tariffs on Turkish steel and the slump in the lira impacted pricing for raw material imports.

Platts senior editor for steel raw materials and metals analysis, Hector Forster, talks to Platts senior price specialist Pascal Dick about these trends, with future price direction for Turkish scrap imports largely dependent on Turkish finished steel prices and additional demand for scrap, which has become more competitive versus iron-ore.

The following price assessments were discussed in this podcast:

Low Vol Hard Coking Coal FOB USEC ($/mt)
TSI Premium Hard Coking Coal Australia Export FOB East Coast Port
Platts TSI HMS 1/2 80:20 CFR Turkey