Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.

Kallanish Kallanish

Knowledge matters Knowledge matters

September, 24th 2020

Free Trial Buy Subscription

Weekly Steel

Issue32-18 Aug. 7, 2018

Kallanish Steel Weekly: Billet prices drift despite stable iron ore

CIS billet prices remained stable last week, but the market continues to be described by traders as “... drifting.” Since the end of July Black Sea export prices for billet have stabilised at $500/tonne fob, close to the annual lower-end reached in late January this year.

Historically billet prices are …

Issue31-18 July 31, 2018

Kallanish Steel Weekly: Iron ore/scrap differential drops, raw materials diverge

As anticipated, last week iron ore firmed further while scrap reached the lowest point registered so far in 2018. The diverging trends of the two raw materials has reduced the differential, this having been at record levels for most of the current year.

Iron ore once again rose above the …

Issue30-18 July 24, 2018

Kallanish Steel Weekly: Raw materials remain stable week-on-week

Last week the global raw materials market remained stable as the relative quietness of August approaches and views on the market regarding the developments of prices in the next weeks are mixed. Iron ore closed last week at slightly below $64/t CFR Qingdao having continued to be range-bound at $62-64/t …

Issue29-18 July 17, 2018

Kallanish Steel Weekly: Trade war bites into Chinese steel demand

On  11 July, the US announced plans to impose 10% duties on another $200 billion of Chinese goods. These could impact some 3 million tonnes/year of demand for Chinese steel, far more than the section 232 tariffs. The more important impact may still lie in China’s response, which could boost …