Kallanish is seeking market views on whether there is appetite to establish UK steel pricing.

UK steel demand is expected to increase in the coming years as a result of the new Industrial Strategy and National Wealth Fund, with the government's Steel Strategy also expected soon, bringing the domestic market to the forefront.

This is in addition to the potential growth in steel output to meet demand from renewable energy in the UK and government procurement schemes, meaning greater transparency of steel pricing is needed to prevent volatility and ensure good value.

Given the consumption of HRC, Kallanish intends to launch a UK domestic HRC price assessment, subject to market feedback.

The suggested specifications are as follows:

HRC S275 DDP UK £/tonne

Width 1.5-1.8m, thickness 3-5mm

Lot size: minimum 100 tonnes

Payment at sight

Delivery: 4-6 weeks

Frequency: Weekly

Please send feedback before 31 December to UK steel editor Carrie Bone at carrie.bone@kallanish.com.