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Kallanish Steel Weekly: US breaks pig iron hiatus, others continue observing

Kallanish Steel Weekly: US breaks pig iron hiatus, others continue observing (Sept. 20, 2022)

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In this week's issue: US breaks pig iron hiatus, others continue observing

  • Page 3: Will lower margins force Chinese steelmakers to cut output further?
  • Page 4: Will Indian HRC attract interest after the recent hikes?
  • Page 5: Will European coil prices start recovering soon?
  • Page 6: Will supply-side issues continue to impact US steel prices for the re-mainder of this year?
  • Page 7: Who will cave in first – Turkish scrap buyers or suppliers?
  • Page 9: Is the Chinese real estate sector ready to recover?

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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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More Global Prices

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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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