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Kallanish Steel Weekly: More countries look to mitigate effect of European CBAM on global trade

Kallanish Steel Weekly: More countries look to mitigate effect of European CBAM on global trade (Nov. 8, 2022)

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In this week's issue: More countries look to mitigate effect of European CBAM on global trade

  • Page 3: How will lower Chinese output impact prices?
  • Page 4: Will Indian HRC find buyer’s acceptance for shorter lead time delivery premium?
  • Page 5: How much more can EU mills cut production?
  • Page 6: How far will scrap’s pricing fall in the US in November?
  • Page 7: Will Turkish mills force scrap prices down further?
  • Page 10: How is uncertainty impacting US flats prices?

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CRC / N America Ex-Works USD/s.ton 0.0%
HRC / N America Ex-Works USD/s.ton 2.0%
Plate / N America Ex-Works USD/s.ton 0.0%
HDG / Italy Ex-Works EUR/t 0.0%
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 0.0%
HRC / S Europe CIF EUR/t 2.0%
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More Global Prices

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E3 Demolition Scrap / Austria Ex-Works EUR/t 0.0%
E40 Shredded Scrap / Italy Delivered Basis EUR/t 0.0%
Pig Iron / Brazil FOB USD/t 2.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
CRC / Italy Ex-Works EUR/t -1.0%
E3 Demolition Scrap / Germany Ex-Works EUR/t 1.0%
E3 Demolition Scrap / Italy Delivered Basis EUR/t 7.0%
Billet / Tangshan Ex-Works CNY/t 1.0%
KORE 62% Fe / Qingdao CFR USD/t 4.67%
Billet / CIS-Black Sea FOB USD/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
Pig Iron / Black Sea FOB USD/t 1.0%
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