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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

26 June 30, 2020

Kallanish Steel Weekly: May output falls despite continued Chinese growth

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact.

China was again one of …

25 June 23, 2020

Kallanish Steel Weekly: Automotive sector remains the biggest victim of coronavirus

Fitch Solutions expects global automotive production to decline -11.5% on-year in 2020 as a result of Covid-19-related lockdown measures and supply chain disruption.

The current crisis has hit the industry harder than the 2008/09 global financial crash. “Even back in the global financial crisis the industry could still operate, so …

24 June 16, 2020

Kallanish Steel Weekly: Scrap to continue growing its importance within global steel production

Green” steelmaking was a key theme of this week’s Bureau of International Recycling (BIR) ferrous webinar.

Renate Featherstone, principal analyst – multi-commodity research at Wood Mackenzie, explained that steelmaking accounts for as much as 10% of global carbon emissions. Producers are therefore under mounting pressure to adopt an environmentally cleaner approach.

23 June 9, 2020

Kallanish Steel Weekly: Global steel demand to crash: worldsteel

The World Steel Association has issued its outlook for steel apparent demand, indicating that this year global demand will fall by -6.4% year-on-year, before recovering 3.8% y-o-y in 2021.

The outlook was postponed by the association due to the uncertainties created by the Covid-19 outbreak. “The COVID-19 crisis, with its …