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Kallanish Steel Weekly

02-24 | Jan. 16, 2024

Issue 02, 2024 - This week's editorial: Chinese iron ore market remains under pressure

Seaborne iron ore prices fell again on Friday, after a week of continued downward corrections. China reduced iron ore imports in December 2023, but overall during last year it reached a new annual record level. The outlook …

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01-24 | Jan. 9, 2024

Issue 01, 2024 - This week's editorial: Billets market starts 2024 with recovering expectations

Russian billet suppliers continued observing a holiday break during the first week of January, resulting in limited activity. The new year has nevertheless started strong in terms of prices and further hikes are expected in the coming …

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48-23 | Dec. 19, 2023

Issue 48, 2023 - This week's editorial: Outlook for 2024 coking coal prices remains strong but below 2023 average

Australian fob coking coal spot prices tumbled during the week ended 15 December as weak steel mill margins pressured values.

Kallanish assessed premium hard coking coal at $304.87/tonne fob Australia, plunging $27.88/t …

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47-23 | Dec. 12, 2023

Issue 47, 2023 - This week's editorial: Iron ore prices remain strong as China hopes for 2024 economy performance recovery

The seaborne iron ore market was sideways at the beginning of last week but rebounded quickly late in the week. Beijing held aPolitburo meeting last Friday to study economic policies …

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