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Forecasts and Latest on Premiums (January 31, 2023)

1. ALERT! – US BILLET. FALL REACHES... cent/lb: US spot billet upcharge reaches... cent/lb amid spike in journalistic MW premium. (From January 26).

2. ALERT! – US PFA. CHALLENGES: Semiconductor shortage and EV’s rising market share pose as headwinds for PFA demand (From January 25).

3. ALERT! – EUROPE SLAB. SOFT Q1: European slab demand subdued at the start of the year (From January 30).

4. ALERT! – EUROPEAN BILLET. FALL RESUMES. Contractual billet March premiums decline to as low as $... per mton (From January 27). Declining contractual and spot billet premium trend extends, while recent supply and demand market signals strengthen. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.