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Kallanish Steel Weekly

17-25 | April 29, 2025

Issue 17, 2025 - This week's editorial: Chinese prices rise despite Politburo disappointment, India confirms safeguard

Another Chinese government meeting, more disappointment. Iron ore dropped down on Friday back to its week-beginning starting point just above $99/tonne after the Politburo meeting in Beijing ended without market stimulus - not that …

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16-25 | April 23, 2025

Issue 16, 2025 - This week's editorial: Turkish scrap hits almost 3-year low, US HRC uptrend reverses

Turkish scrap prices plummeted over $25/tonne last week amid weakened sentiment after interest rate hikes, while Chinese hot rolled coil prices fell to a seven-month low as Donald Trump indicated he would raise tariffs …

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15-25 | April 15, 2025

Issue 15, 2025 - This week's editorial: US-China trade war plateaus, government seizes British Steel

Chinese steel prices plunged last week after the US-China tariff tit for tat went into overdrive, while Turkish scrap prices went into free fall amid weak steel demand and cheap imported billet. The UK government meanwhile …

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14-25 | April 8, 2025

Issue 14, 2025 - This week's editorial: Trade war floors global sentiment, China eyes VAT crackdown 

The global trade war moved up a gear last week as the US 25% tariff on car imports went into effect and President Donald Trump unveiled his long-awaited “reciprocal” tariff plan, which however exempted steel. …

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