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Home China Focus China Steel Intelligence

CSI: New Year, new uncertainty

CSI: New Year, new uncertainty (Jan. 12, 2022)

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China is entering a difficult year with a number of risks. Kallanish has already laid out its base case forecasts, but it is worth reviewing some of the uncertainties at the start of the year. In this issue we highlight a few factors which could shift our forecasts over the coming months.

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HRC / Turkey Ex-Works USD/t -1.0%
HMS 1/2 Scrap (80:20) / US East Coast FOB USD/t -2.0%
E3 Demolition Scrap / Austria Ex-Works EUR/t 0.0%
HMS 1/2 Scrap (80:20) / Rotterdam FOB USD/t -2.0%
Rebar / Turkey FOB USD/t 0.0%
E3 Demolition Scrap / Germany Ex-Works EUR/t 0.0%
HMS 1&2 80:20 / Turkey CFR USD/t 0.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
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HMS 80:20 Scrap / Benelux / delivered dock, EUR/t -0.9%
Billet / Tangshan Ex-Works CNY/t 0.0%
KORE 62% Fe / Qingdao CFR USD/t 0.8%
Heavy Scrap / China / CNY/t 0.0%
KORE 65% Fe / Qingdao CFR USD/t 0.33%
HMS 1 Scrap / US Midwest Delivered Basis USD/t 0.0%
KORE 58% Fe / Qingdao CFR USD/t 0.66%
H2 Scrap / Japan Domestic Delivered Basis JPY/t 1.0%
Slab / Japan FOB USD/t 0.0%
HRC / Japan FOB USD/t 0.0%
Plate (low grade) / Japan FOB USD/t 0.0%
CRC / Japan FOB USD/t 0.0%
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