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Kallanish Kallanish

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July, 28th 2021

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Kallanish Steel Weekly

30-21 July 27, 2021

Kallanish steel weekly: Global crude steel output in H1 up, China pace slows

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) grew 11.6% on-year in June to 167.92 million tonnes. This represented a slight slowdown in growth rate due to slowing Chinese output growth. Production was also down 4% on May.

Chinese production grew only 1.5% on-year …

29-21 July 20, 2021

Kallanish steel weekly: Black Sea billet market divides, but sentiment supported by China

The Black Sea billet export trade has subdivided into several differently priced markets, which operate almost independent of current scrap price trends.

The disparity is due to the many interlaced fundamentals playing out in the fatigued market, where the vast majority of buyers are preparing for holiday breaks while attempting …

28-21 July 13, 2021

Kallanish Steel Weekly: Turkish scrap corrects downward against earlier outlooks

Turkish mills concluded numerous imported scrap during the last weeks. Although scrap suppliers were expecting prices to exceed $500/tonne cfr for HMS 1&2 80:20, this has not materialised, mainly because of lower-than-expected demand and a large number of offers in the market.

Demand has remained below expectations because Turkish mills …

27-21 July 6, 2021

Kallanish Steel weekly: Standstill in CIS billet market highlights global prices uncertainty

Last week CIS billet prices remained stable again, confirming the global uncertainty for the future direction of steel prices. The latest measures aimed at reducing exports, both in China and Russia, are expected to support global prices in the near future, but other factors could limit the positive trend.