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Kallanish Kallanish

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August, 10th 2020

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Weekly Steel

Week 29-19 July 23, 2019

Elevated iron ore price eats into steel profitability

As most listed steelmakers start announcing their Q2 and H1 financial results, market observers expect to notice overall that profitability has come under increasing pressure in the sector as a consequence of elevated iron ore prices coupled with under-pressure finished steel levels. 
Last week the first concrete report of …

Week 28-19 July 16, 2019

Global HRC prices more volatile than rebar in H1 2019

During the first six months of this year, global HRC prices have been much more volatile than rebar levels. While this is not to be considered an anomaly in the market, the first part of this year has been characterised by sharp movements in the flats sector, mainly due to …

Issue27-19 July 9, 2019

Kallanish Steel Weekly: How are the German steel webshops faring?

BOF-based producers are facing severe pressure due mainly to increasing raw material costs, with closures confirmed and threats of potential closures in several regions. The only solution may be to slow down and stop inefficient facilities, says the International Rebar Exporters and Producers Association (Irepas) in its monthly market report.  …

Issue26-19 July 2, 2019

Kallanish Steel Weekly: Brexit remains major concern for UK steel industry

The UK steel sector is facing ever greater uncertainty as a result of Brexit, according to various speakers at the Kallanish Europe Steel Markets 2019 in Amsterdam last week. Although this is unlikely to be resolved in the near future, the sector could also have an enormous opportunity, however, if it is …