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Kallanish Kallanish

Knowledge matters Knowledge matters

July, 12th 2020

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China Steel Intelligence

Issue 39 July 8, 2019

China Lights the Fire

Chinese steel market sentiment turned on a dime in June and sent prices of both steel and iron ore soaring at the end of the month. Support for local government spending and increasing restrictions on production sent steel prices sharply higher, while iron ore hit new highs as port stocks …

Issue 38 June 6, 2019

CSI: Can China stave off a summer meltdown?

As China’s steel market peaks, mills are caught between rising raw materials prices and falling steel prices. Because they are still profitable however, they are still producing at high rates. Unless production falls or demand is stronger than expected, inventories will increase, prices fall and exports become more competitive.

The …

Issue 37 May 2, 2019

CSI: Is the Belt and Road made of steel?

China took a more modest tone in its latest Belt and Road Forum, bringing it into line with most estimates of the steel industry which have rejected the very bullish outlook of some miners. Kallanish takes the opportunity to set out its view, alongside its count of new steelmaking capacity …

Issue 36 April 3, 2019

CSI: Chinese mills fight for VAT gains

China is continuing to issue measures to ease the burden on corporations but it remains to be seen if this is enough to support growth. Steelmakers hope to capture margin from the latest cut to VAT, but they may have more success at home than for exports.

Mill profits meanwhile …