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Kallanish Kallanish

Knowledge matters Knowledge matters

July, 5th 2020

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Weekly Steel

Issue 4-19 Jan. 29, 2019

Kallanish Steel Weekly: Global crude steel jumps again, supported by China

The World Steel Association (worldsteel) says that global crude steel output was 1,808.6 million tonnes from its 64 reporting countries in 2018, up 4.6% year-on-year. Crude steel production increased in all regions in the year except in the European Union, which has seen a slight contraction, worldsteel says. 

Since 2010, …

Issue 3-19 Jan. 22, 2019

Kallanish Steel Weekly: Iron ore price nears 11-month high

Last week the seaborne iron ore price ended up above $75/t cfr Qingdao, marking a new high since November last year and approaching the most recent peak witnessed at the beginning of March 2018.

Supported by new sales, the Kallanish KORE 62% Fe index jumped $1.03/tonne on Friday, to $75.50/dry metric …

Issue 2-19 Jan. 15, 2019

Kallanish Steel Weekly: Billet prices in Asia see pressure from CIS

Despite the relative stability of iron ore prices in China and globally, the downturn of the scrap market is impacting billet prices both in the CIS and in Asia. While in the CIS prices have dropped to the lowest level since June 2017, in South East Asia they are holding …

Issue 1-19 Jan. 8, 2019

Kallanish Weekly Steel: Iron ore starts 2019 strong, scrap remains under pressure

Iron ore prices have finished 2018 and started 2019 with strong momentum, following the steep correction registered in November. Since the beginning of December the Kallanish KORE 62% Fe index recovered almost $10/tonne, returning firmly above $73/t cfr Qingdao during the first days of the new year.

The positive momentum …