Forecasts and Latest on Premiums (September 20, 2023)

1. ALERT! – US BILLET. OFFSHORE SUPPLIERS SUFFERING THE MOST: US billet offshore imports depressed at multi-year lows (From September 18).

2. ALERT! – ALERT! – US PFA. RISING UNCERTAINTY: Looming UAW strike seen as another bearish factor (From September 13).

3. ALERT! – EUROPEAN P1020. THE FALL CONTINUES: Rotterdam P1020 premiums fall further (From September 14).

4. ALERT! – EUROPE PFA. FALLS FURTHER: European PFA spot premiums reach $... per mton (From September 13).

5. ALERT! – EUROPE BILLET. NOW @ $430: EU spot billet premiums fall to as low as $...per mton (From September 15). Billet spot premiums fall further across the board as negative market sentiment lingers. To see our full European Billet Market Intel and Premiums assessment, please subscribe to HARBOR’s specialized European Billet Intelligence Report.