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Kallanish Steel Weekly: Analysts review downward their medium-term outlooks for steel prices

Kallanish Steel Weekly: Analysts review downward their medium-term outlooks for steel prices (Sept. 6, 2022)

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In this week's issue: Analysts review downward their medium-term outlooks for steel prices

  • Page 3: Can Chinese steel markets overcome local negative sentiment?
  • Page 4: Will the Indian HRC find acceptance in exports following price hikes?
  • Page 5: Can European mills achieve higher transaction prices supported by lower output?
  • Page 6: Can US scrap prices recover?
  • Page 7: Will Turkish mills sustain production amid soaring energy costs?
  • Page 8: How can Russia relaunch its steel production?

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Stainless Steel CRC / Italy Delivered Basis EUR/t 5.0%
Rebar / Turkey FOB USD/t -0.0%
E6 New cutting scrap (DKP) / Turkey / delivered basis, TRY/t 0.0%
HMS 1/2 Scrap / Taiwan CFR USD/t 2.0%
E40 Shredded Scrap / Italy Delivered Basis EUR/t 3.0%
Billet / CIS-Black Sea FOB USD/t 0.0%
Heavy Scrap / China / CNY/t 1.0%
HMS 1&2 80:20 / Turkey CFR USD/t 0.0%
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KORE 58% Fe / Qingdao CFR USD/t 5.15%
E3 Demolition Scrap / Germany Ex-Works EUR/t 0.0%
Billet / Tangshan Ex-Works CNY/t 1.0%
KORE 62% Fe / Qingdao CFR USD/t 4.94%
KORE 65% Fe / Qingdao CFR USD/t 4.36%
E2 & E3 Shipbreaking scrap /Turkey / Delivered basis / USD/t 0.0%
E8 Light New Scrap / Italy Ex-Works EUR/t 1.0%
HMS 1&2 80:20 / UAE, delivered basis AED/t 1.0%
HMS 1/2 80:20 / Bangladesh / CFR USD/t 5.0%
Billet / Saudi Arabia / Ex-Works SAR/t 0.0%
Billet / GCC / CFR USD/t 0.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
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