November 1, 2022
1. ALERT! – US BILLET. BAD OMEN: North American billet demand contraction deepens (From October 28).
2. ALERT! – US WIRE ROD. ALL-TIME HIGHS: US EC rod 2023 contract premiums spike (From October 26).
3. EUROPE PFA ALERT. AWAITING: European PFA spot premiums unchanged, while extended 2023 contract negotiations continue (From October 28).
4. ALERT! – EUROPEAN P1020. PLUNGE CONTINUES: European P1020 premiums down to 16-month lows (From October 28).
5. EUROPEAN BILLET ALERT. FALL OFF: European spot billet premiums down to $… per mton (From October 28). Spot billet premiums deterioration continues. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.