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Kallanish Kallanish

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August, 11th 2020

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Weekly Steel

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 …

Week 37-19 Sept. 17, 2019

Kallanish Steel Weekly: Ferrous scrap prices hit a new three-years low

Last week the Turkish scrap price index reached a new three years low, falling to below $240/tonne cfr Turkey. The last time such a low level was registered was in October 2016, just as the market began to recover after a big drop in the previous two months. Now the …

Week 36-19 Sept. 10, 2019

Kallanish Steel Weekly: Can the Turkish scrap market benefit from the latest iron ore recovery?

Last week the trends for Chinese iron ore prices and Turkish scrap values diverged again: iron ore recovered from the recent fall to return to level of around $90/tonne cfr China, while Turkish scrap continued to correct downward. Going forward, the main question among market participants is whether the latest …

Week 35-19 Sept. 3, 2019

Kallanish Steel Weekly: Global crude steel production reduces significantly recovery trajectory

World crude steel production for the 64 countries reporting to the World Steel Association increased 1.7% on-year in July to 156.7 million tonnes. Growth thus slowed from 4.6% in June and 5.4% in May.

Although slowing from double-digit growth, Chinese production still increased 5% in July to 85.2mt, while Indian …