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Kallanish Steel Weekly: Metinvest reduces further ore, steel output as war continues

Kallanish Steel Weekly: Metinvest reduces further ore, steel output as war continues (July 5, 2022)

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In this week's issue: Turkish scrap market sources debate potential floor level

  • PAGE 3 - Can the latest recovery of HRC and rebar prices in China be sustained?
  • PAGE 4 - Will India continue to book bulk scrap to ease out costs?
  • PAGE 5 - How are Italian EAF-mills planning investments into DRI production?
  • PAGE 6 - Will US scrap prices recover in July?
  • PAGE 7 - How sustainable is the Turkish scrap rebound?
  • PAGE 10 - What is the state of the Chinese real estate sector?

Latest prices

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HMS 80:20 Scrap (West Africa origin) / India / CFR USD/t 3.0%
Rebar / Singapore CFR USD/t 1.0%
Rebar / Turkey / ex-Works / $/t / excl. VAT -0.8%
HRC / Turkey Ex-Works USD/t -2.0%
HRC / Turkey FOB USD/t -0.0%
E40 Shredded Scrap / India / CFR USD/t 2.0%
E40 Shredded Scrap / Pakistan / CFR USD/t 4.0%
CRC / N America Ex-Works USD/s.ton -0.0%
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More Global Prices

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HRC / N America Ex-Works USD/s.ton 1.0%
E3 Demolition Scrap / Italy Delivered Basis EUR/t 0.0%
E1 Heavy Demolition Scrap / Italy Delivered Basis EUR/t 0.0%
Welded Pipe (S235) / Turkey FOB USD/t -1.0%
Wire Rod / N Europe / Ex-Works EUR/t -1.0%
Merchant Bar / Italy Ex-Works EUR/t 1.0%
Rebar / Italy Ex-Works EUR/t 0.0%
Wire Rod / Italy Ex-Works EUR/t -3.0%
Billet / Italy Ex-Works EUR/t 2.0%
Wire Rod / China FOB USD/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
Billet / Manila CFR USD/t 2.0%
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