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Kallanish Steel Weekly: Green steel and trade flows central to Europe Steel Markets 2022 debates

Kallanish Steel Weekly: Green steel and trade flows central to Europe Steel Markets 2022 debates (June 7, 2022)

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In this week's issue: CO2 emissions for steelmaking could fall by 30%

  • PAGE 3 - Is the market preparing for a new iron ore price rally?
  • PAGE 4 - Will Indian billet export offers plunge further on approaching monsoons?
  • PAGE 5 - How will the flow of imported HDG be reorganised following the safeguard review?
  • PAGE 6 - Have US sheet prices seen their peak for the year?
  • PAGE 7 - How much more can Russian and Turkish prices correct downward?
  • PAGE 10 - How much more will EU scrap prices move down?

Latest prices

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E40 Shredded Scrap / India / CFR USD/t 0.0%
HMS 80:20 Scrap (West Africa origin) / India / CFR USD/t 0.0%
Stainless Scrap 316 / Italy Delivered Basis EUR/t 0.0%
Rebar / Turkey FOB USD/t 0.0%
Rebar / Turkey / ex-Works / $/t / excl. VAT -0.6%
E40 Shredded Scrap / Italy Delivered Basis EUR/t -3.0%
Billet / Tangshan Ex-Works CNY/t -1.0%
Rebar / Singapore CFR USD/t -2.0%
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More Global Prices

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HDG / Italy Ex-Works EUR/t 0.0%
Wire Rod / China FOB USD/t -1.0%
Wire Rod / SE Asia CFR USD/t -1.0%
OCTG P110 Pipe 5.5" diameter / N America FOB USD/s.ton 0.0%
HRC / S Europe CIF EUR/t -1.0%
Welded Pipe (S235) / Turkey FOB USD/t -1.0%
KORE 62% Fe / Qingdao CFR USD/t -0.52%
KORE 65% Fe / Qingdao CFR USD/t -0.49%
Shredded Scrap / Turkey / CFR USD/t -1.0%
CRC / Italy Ex-Works EUR/t 1.0%
Heavy Scrap / China / CNY/t 0.0%
Wire Rod / N Europe / Ex-Works EUR/t 0.0%
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