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Kallanish Kallanish

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August, 15th 2020

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Weekly Steel

31 Aug. 4, 2020

Kallanish Steel Weekly: Billet levels remain firm despite Chinese demand reduction

Last week the global billet market continued to remain firm thanks to the positive pricing sentiment for CIS material. After having supported the market strongly, Chinese demand softened somewhat, but market observers still believe the short- and medium-term prospects are good; therefore levels have not suffered from the reduction in …

30 July 28, 2020

Kallanish Steel Weekly: Global scrap prices remain firm despite some uncertainty

Turkish scrap import prices increased further last week after at least two new bookings were confirmed. Bolstered by improved domestic rebar demand, mills are seen concluding more bookings before the Eid holiday, observers say. In Europe the sentiment is relatively good but in the US some pressure is starting to …

29 July 21, 2020

Kallanish Steel Weekly: Billet prices hold strong, confirming Chinese drive

Since the beginning of April, billet prices in the CIS have started to recover. As of last week, the recovery reached some $50/tonne from the lowest point registered back in the fourth quarter of 2016, indicating that the market is continuing to show resilience in the face of the problems …

28 July 14, 2020

Kallanish Steel Weekly: Pig iron market quietens, prices start feeling the pinch

The on-going absence of US buyers in the global merchant pig iron market is starting to reflect on prices, and this is exacerbated by the softening in Chinese demand and price levels. 

Chinese demand is seasonally affected, but also reflects vast import volumes implemented in the last quarter. These have …