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Kallanish Kallanish

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June, 19th 2021

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Kallanish Steel Weekly

29 July 21, 2020

Kallanish Steel Weekly: Billet prices hold strong, confirming Chinese drive

Since the beginning of April, billet prices in the CIS have started to recover. As of last week, the recovery reached some $50/tonne from the lowest point registered back in the fourth quarter of 2016, indicating that the market is continuing to show resilience in the face of the problems …

28 July 14, 2020

Kallanish Steel Weekly: Pig iron market quietens, prices start feeling the pinch

The on-going absence of US buyers in the global merchant pig iron market is starting to reflect on prices, and this is exacerbated by the softening in Chinese demand and price levels. 

Chinese demand is seasonally affected, but also reflects vast import volumes implemented in the last quarter. These have …

27 July 7, 2020

Kallanish Steel Weekly: New EU safeguard rules become effective, no one satisfied with changes

The European Commission has published the final document related to the review of the safeguard system for steel imports. As anticipated, the new amendments will come into force from 1 July, with some important changes in particular to the way tariff-free quotas are allocated.

Firstly, the Commission has changed all …

26 June 30, 2020

Kallanish Steel Weekly: May output falls despite continued Chinese growth

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact.

China was again one of …