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Forecasts and Latest on Premiums (January 17, 2023)

  1. ALERT! – US PFA. QUIET & UNCERTAIN: Uncertainty in auto market conditions weigh down on US PFA demand (From January 16).
  2. ALERT! – US WIRE ROD. QUIET BUT OPTIMISTIC: US EC rod spot market quiet, but 2023 outlook looks bright (From January 11).

  3. ALERT! – BRAZIL. CAUTIOUSLY OPTIMISTIC: Brazil’s spot P1020 and billet demand remain subdued, billet market mood is improving (From January 13).

  4. ALERT! – EUROPEAN P1020. FIRMS UP: European P1020 duty-paid premiums inch up on the low end of range (From January 12).