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Kallanish Kallanish

Knowledge matters Knowledge matters

September, 24th 2020

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Weekly Steel

Week 30-19 July 30, 2019

World crude steel output continues to grow

World crude steel production for the 64 countries reporting to the World Steel Association increased 4.6% on-year in June to 158.98 million tonnes.

As in the previous month, Chinese production surged 10% on-year to 87.53mt in June, while Indian output rose 4% to 9.34mt and Japanese production inched up 0.4% …

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.  …