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Kallanish Kallanish

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July, 28th 2021

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Kallanish Steel Weekly

15 April 15, 2020

Kallanish Steel Weekly: Coronavirus has minor impact on iron ore output globally, price holds

Last week BHP has said it has not seen any impact on its operations from the coronavirus, despite a small number of its staff globally testing positive. It notes there has not been any broad transmission between employees and that it has taken measures to reduce the risk of the …

14 April 7, 2020

Kallanish Steel Weekly: Scrap/iron ore differential reaches record-low levels

Last week the rapid slump of Turkish scrap prices took the differential between scrap and iron ore to record-low levels. Despite the difficulties in the global steel markets, iron ore is holding between $80/tonne and $90/t. Turkish scrap values meanwhile touched a fouryear low ast week. According to Kallanish, the …

13 March 31, 2020

Kallanish Steel Weekly: Iron ore falls under pressure, 2020 outlooks remain firm

The rating agency Fitch expects iron ore prices to fall in the second half of 2020 as a result of increasing output in Brazil and Australia later in the year, as well as slower economic growth. Its iron ore price assumptions, however, remain unchanged at $75/tonne cfr China for 62% …

12 March 24, 2020

Kallanish Steel Weekly: Black Sea billet price reductions underline fragility of global markets

Uncertainty increased in the global steel market last week as the Covid-19 spread impacted the outlook for many of the largest steelmaking and steel-consuming countries. While Chinese iron ore prices are holding up relatively well, billet prices have come under increasing pressure. Billet prices are often a good indicator of …