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Kallanish Steel Weekly: ArcelorMittal to expand crude steel capacity with Brazilian CSP acquisition

Kallanish Steel Weekly: ArcelorMittal to expand crude steel capacity with Brazilian CSP acquisition (Aug. 2, 2022)

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In this week's issue: ArcelorMittal to expand crude steel capacity with Brazilian CSP acquisition: 

  • Page 3: Will iron ore prices in China turn down again on steel production cuts?
  • Page 4: Will Indian mills be able to compete with imported HRC?
  • Page 5: Will European scrap prices hold in August?
  • Page 6: What is to come from labour negotiations, legislation, and downward pressure on the US market?
  • Page 7: Will Russia lose in the battle of HRC exports against India?
  • Page 9: How are rebar and coils prices performing in the Gulf region?

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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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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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