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Kallanish Kallanish

Knowledge matters Knowledge matters

July, 2nd 2020

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Weekly Steel

Issue26-18 June 26, 2018

Kallanish Steel Weekly: Raw material prices stabilise as third quarter looms

Last week raw material prices remained fairly stable as the third quarter approached and the market is expected to calm down slightly during the July and August period.

Turkish scrap values remained at $355/tonne cfr last week. The scrap market had recovered slightly around 10 June and then stabilised further. …

Issue25-18 June 19, 2018

Kallanish Steel Weekly: Billet, scrap levels bounce back, iron ore stable

Last week the scrap and billet market saw a revival in activity that led to a recovery in prices from the low points reached at the end of May.

Scrap, for example, returned to $355/tonne cfr Turkey for HMS 1/2 (80:20) after having touched $340/t cfr Turkey at the beginning …

Issue24-18 June 12, 2018

Kallanish Steel Weekly: New trade barriers exacerbate global price differentials

During the last three months the price differentials for steel products globally have started to take a clear direction as a result of the uncertainty raised by new trade barriers.

The domino effect began with US 232 tariffs. As a result, three months later, some major steel markets such as …

Issue23-12 June 5, 2018

Kallanish Steel Weekly: Raw material prices remain under pressure

Raw material prices globally remained under pressure last week following the announcement by the US authorities to impose a 25% tariff on imports from Europe, Canada and Mexico. This has further confirmed that the near future of the market will be dominated by trade issues and increasing barriers.

The iron …