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Kallanish Steel Weekly: ArcelorMittal feels the hit of demand slow-down

Kallanish Steel Weekly: ArcelorMittal feels the hit of demand slow-down (Nov. 15, 2022)

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In this week's issue: ArcelorMittal feels the hit of demand slow-down

  • Page 3: Is the Chinese market in the position to recover?
  • Page 4: Will Indian HRC continue to enjoy premiums on shorter lead deliveries?
  • Page 5: What is happening to European scrap prices?
  • Page 6: Will labour relations press US steel prices down further?
  • Page 7: Can CIS billet compete with Asian supply?
  • Page 10: Can Mauritania develop a green steel production?

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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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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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