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Kallanish Kallanish

Knowledge matters Knowledge matters

June, 3rd 2020

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Weekly Steel

Issue16-19 April 24, 2019

Kallanish Steel Weekly: worldsteel reviews global demand outlook

The World Steel Association (worldsteel) has released its April 2019 short-range outlook. The association says that global steel demand will reach 1.735 million tonnes in 2019, an increase of 1.3% over 2018. In 2020, demand is projected to grow by 1% to reach 1.752mt.

The new outlook confirms the expectation …

Issue15-19 April 16, 2019

Kallanish Steel Weekly: Iron ore price hits new 5-year record

A steady increase in Chinese steel prices at the end of last week pushed 62% Fe iron ore to its highest level in almost five years on Friday 12 April. A spurt in market optimism in China was supported by a large credit expansion in March, while import volumes also …

Issue14-19 April 9, 2019

Kallanish Steel Weekly: Worldsteel revises 2019 downward, China growth spurt expected

Global steelmakers’ association worldsteel expects to slightly reduce its growth forecast for steel demand for 2019 as market uncertainties continue. This was revealed by the association in a presentation during the latest meeting of the OECD Steel Committee in Paris last week.

In October 2018, worldsteel announced that 2019 steel demand …

Issue13-19 April 2, 2019

2019 steel market to suffer from GDP growth slowdown: OECD

The Organisation for Economic Co-operation and Development steel committee has produced a generally downbeat outlook for the global steel sector following its 86th session on 25-26 March. In a chair’s statement issued following the meeting, vice chairman Jai Motwane said that the outlook for steel markets faces considerable downside risks. …