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June, 19th 2021

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Kallanish Steel Weekly

Week 48-19 Dec. 3, 2019

Kallanish Steel Weekly: Global steel production slows down again to reach new record drop

The World Steel Association (worldsteel) said last week that global crude steel output from its 64 reporting countries was 151.5 million tonnes in October 2019, down -2.8% year-on-year. This drop is the biggest registered globally since 2016.

This year crude steel production increased strongly since the beginning of the year, …

Week 47-19 Nov. 26, 2019

Kallanish Steel Weekly: Scrap recovery pauses, iron ore moves up

Last week the ongoing recovery in scrap prices paused slightly, while iron ore prices continued to strengthen.

Although some Turkish mills were still inquiring about scrap at the beginning of last week, most were seen to have taken a wait-and-see stance for their scrap purchases. After an intense period of …

Week 46-19 Nov. 19, 2019

Kallanish Steel Weekly: Steel supportive scrap rebound could be short-lived: Irepas

The scrap market has seen a fairly decent rebound and solid demand with balanced availability, but its sustainability is uncertain due to the lack of finished product demand. So says the International Rebar Exporters and Producers Association (Irepas) in its monthly short-range outlook published last week.

In a “…confusing” long …

Week 45-19 Nov. 12, 2019

Kallanish Steel Weekly: Coil prices globally moving up after long-lasting decrease

After a long period of decreases across the globe, hot-rolled coil prices are finally recovering in most markets. The recovery was first initiated in mid-October in Turkey and North America, as a direct consequence of the pickup in scrap prices.

Turkish prices recovered some $20/tonne in two weeks since mid-October, …