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Forecasts and Latest on Premiums (April 4, 2023)

1. ALERT! – US MW PREMIUM. GIVES IN: MW premium gaps down as bearish pressure intensifies (From March 30).

2. ALERT! – US BILLET. NINE YEAR LOWS: Declining US offshore imports reflecting current weak market fundamentals (From March 31).

3. ALERT! - MEXICO P1020 & BILLET. NEW LOWS: Mexico's P1020 and full billet contract premiums fall to new lows (From March 31).

4. ALERT! – EUROPE PFA. TALE OF TWO HALVES? European PFA market appetite strengthens in the first half of the year, but H2 2023 uncertainty lingers (From March 29).

5. ALERT! – EUROPEAN BILLET. WEAKER SPOT APPETITE: European billet spot market appetite weakening again, Q3 contractual premium range so far is $... per mton (From March 31). To see our full European Billet Market Intel and Premiums assessment, please subscribe to HARBOR’s specialized European Billet Intelligence Report.