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Kallanish Kallanish

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September, 25th 2020

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Weekly Steel

51 Dec. 23, 2019

Kallanish Steel Weekly: Global steel production down again in November despite Chinese recovery

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries was 147.8 million tonnes in November 2019, down -1% year-on-year. A rise in Chinese output compensated for falls in most other major steel-producing countries.The November data was the third negative growth for global crude …

50 Dec. 17, 2019

Kallanish Steel Weekly: 2020 steel outlook dips for EU, stabilises for Russia, LatAm

Ratings analyst Moody’s has prepared its outlook for the steel sector for next year.

Moody’s foresees a negative outlook for the European steel sector in 2020. The rating agency notes that the outlook could change only if fundamentals for the continent’s economy perform better than expected and margins for steelmakers …

Week 49-19 Dec. 10, 2019

Kallanish Steel Weekly: Billet prices continue to grow, further recovery needs support

CIS billet prices increased again last week amid fresh demand resulting in new sales at mills' offer levels. The sales lifted current offers to the pivotal $400/tonne fob mark and slightly higher, enabling mills to continue with price increases.

Several lots of billet, some considerable, were sold at $395-400/t fob …

Week 48-19 Dec. 3, 2019

Kallanish Steel Weekly: Global steel production slows down again to reach new record drop

The World Steel Association (worldsteel) said last week that global crude steel output from its 64 reporting countries was 151.5 million tonnes in October 2019, down -2.8% year-on-year. This drop is the biggest registered globally since 2016.

This year crude steel production increased strongly since the beginning of the year, …