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Kallanish Steel Weekly: Pig iron price decline continues in all regions

Kallanish Steel Weekly: Pig iron price decline continues in all regions (June 14, 2022)

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In this week's issue: India bucks global steel production downtrend

  • PAGE 3 - Can Chinese sentiment pick up?
  • PAGE 4 - Will the recent downfall in Turkish scrap offers impact Indian bookings?
  • PAGE 5 - When will EU coils demand recover?
  • PAGE 6 - Will the expected decline in US scrap prices during this month have an impact on sheet’s pricing?
  • PAGE 7 - How far will scrap prices drop?
  • PAGE 10 - How fast can CBAM be implemented in Europe?

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Billet / CIS-Black Sea FOB USD/t 0.0%
Billet / Tangshan Ex-Works CNY/t 0.0%
KORE 62% Fe / Qingdao CFR USD/t -0.09%
Wire Rod / China FOB USD/t 0.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
HMS 1&2 80:20 / Turkey CFR USD/t 0.0%
KORE 65% Fe / Qingdao CFR USD/t -0.12%
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Welded Pipe (S235) / Turkey FOB USD/t -1.0%
Wire Rod / N Europe / Ex-Works EUR/t 0.0%
Rebar / Turkey / ex-Works / $/t / excl. VAT -0.8%
Rebar / Turkey FOB USD/t 0.0%
Wire Rod / SE Asia CFR USD/t 2.0%
E40 Shredded Scrap / India / CFR USD/t -1.0%
HRC / Turkey CFR USD/t 2.0%
Rebar / Italy Ex-Works EUR/t 1.0%
HMS 80:20 Scrap (West Africa origin) / India / CFR USD/t 0.0%
HRC / Turkey Ex-Works USD/t -0.0%
Billet / Italy Ex-Works EUR/t 0.0%
Rebar / Singapore CFR USD/t 1.0%
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