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Kallanish Kallanish

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September, 24th 2020

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Weekly Steel

Week 47-19 Nov. 26, 2019

Kallanish Steel Weekly: Scrap recovery pauses, iron ore moves up

Last week the ongoing recovery in scrap prices paused slightly, while iron ore prices continued to strengthen.

Although some Turkish mills were still inquiring about scrap at the beginning of last week, most were seen to have taken a wait-and-see stance for their scrap purchases. After an intense period of …

Week 46-19 Nov. 19, 2019

Kallanish Steel Weekly: Steel supportive scrap rebound could be short-lived: Irepas

The scrap market has seen a fairly decent rebound and solid demand with balanced availability, but its sustainability is uncertain due to the lack of finished product demand. So says the International Rebar Exporters and Producers Association (Irepas) in its monthly short-range outlook published last week.

In a “…confusing” long …

Week 45-19 Nov. 12, 2019

Kallanish Steel Weekly: Coil prices globally moving up after long-lasting decrease

After a long period of decreases across the globe, hot-rolled coil prices are finally recovering in most markets. The recovery was first initiated in mid-October in Turkey and North America, as a direct consequence of the pickup in scrap prices.

Turkish prices recovered some $20/tonne in two weeks since mid-October, …

Week 44-19 Nov. 5, 2019

Kallanish Steel Weekly: Steel market regionalisation continues to be major issue for sector

Regionalisation in the global steel market is continuing to accelerate, creating many problems for participants and for the wider industry. This is according to a number of speakers at last week’s World Steel Dynamics conference in Milan.

Michel Van Hoey from McKinsey & Company calculates that in 2018 only 22% …