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July, 28th 2021

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Kallanish Steel Weekly

Week 42-19 Oct. 22, 2019

Kallanish Steel Weekly: Worldsteel boosts outlook for 2019, 2020 on Chinese performance

The World Steel Association (worldsteel) estimates that global apparent steel demand will grow in both 2019 and 2020. The association announced this in its latest Short Range Outlook (SRO) on 14 October at its annual conference in Monterey, Mexico. Apparent steel demand growth in China could reach 7.8% year-on-year, although the …

Week 41-19 Oct. 15, 2019

Kallanish Steel Weekly: Global long prices show signs of improvement as billet halts descent

The slight recovery of sentiment in the scrap market after many weeks of descent is beginning to support sentiment around global longs pricing. Last week billet prices ceased to fall and some improvements were visible.

Billet suppliers from the CIS continued to reject lower-priced bids last week, encouraging the consolidation …

Week 40-19 Oct. 8, 2019

Kallanish Steel Weekly: Global steel capacity to grow for first time since 2015

The OECD has reiterated the need for further global steelmaking capacity reductions after the unexpected growth in capacity in the first half of 2019 despite weak global demand conditions.

At a meeting last week the OECD Steel Committee stressed that “…government interventions, market distorting support measures and resulting excess capacity …

Week 39-19 Oct. 1, 2019

Kallanish Steel Weekly: Is the steel sector preparing for a prolonged period of slow production grow

The global steel industry has reached its latest inflection point, which is likely to be followed by a prolonged period of slow growth, according to worldsteel data management head Adam Szewczyk speaking at Irepas conference in Germany last week.

The global economy is experiencing structural challenges and a slowdown in …