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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

Week 41-19 Oct. 15, 2019

Kallanish Steel Weekly: Global long prices show signs of improvement as billet halts descent

The slight recovery of sentiment in the scrap market after many weeks of descent is beginning to support sentiment around global longs pricing. Last week billet prices ceased to fall and some improvements were visible.

Billet suppliers from the CIS continued to reject lower-priced bids last week, encouraging the consolidation …

Week 40-19 Oct. 8, 2019

Kallanish Steel Weekly: Global steel capacity to grow for first time since 2015

The OECD has reiterated the need for further global steelmaking capacity reductions after the unexpected growth in capacity in the first half of 2019 despite weak global demand conditions.

At a meeting last week the OECD Steel Committee stressed that “…government interventions, market distorting support measures and resulting excess capacity …

Week 39-19 Oct. 1, 2019

Kallanish Steel Weekly: Is the steel sector preparing for a prolonged period of slow production grow

The global steel industry has reached its latest inflection point, which is likely to be followed by a prolonged period of slow growth, according to worldsteel data management head Adam Szewczyk speaking at Irepas conference in Germany last week.

The global economy is experiencing structural challenges and a slowdown in …

Week 38-19 Sept. 24, 2019

Kallanish Steel Weekly: Billet prices remain under pressure despite diverging trends

CIS billet export prices have diverged, as conflicting fundamentals are pulling market participants' expectations in opposite directions.

The sellers' camp is firmly split between integrated and scrap mills, with the former having sold large October-casting volumes to Southeast Asia and North Africa at lower prices. Scrap-based mills with significantly shorter lead …