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Kallanish Kallanish

Knowledge matters Knowledge matters

August, 10th 2020

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Weekly Steel

Issue 5-19 Feb. 5, 2019

Kallanish Steel Weekly: CIS billet market confirms raw material uncertainty

Last week the CIS billet market, often used as a means of understanding the global sentiment of the steel sector, confirmed the uncertainty among market operators. Raw material prices rose but steel demand remains sluggish globally.

CIS billet suppliers' offers have risen to $430-440/tonne fob Black Sea for March loading-ready …

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 …