This is the last edition of the Kallanish Steel Weekly for 2021, the publication takes a short break, but will be back in early January 2022 to continue following the global market trends. 2021 was an extra-ordinary year for steel prices. As the year comes to an end we have …

Seaborne iron ore prices returned to a declining trend on Thursday last week, with weaker-than-expected November financial data hitting market confidence.

The Kallanish KORE 62% Fe index dropped on Thursday $3.78/tonne to $103.11/dry metric tonne cfr Qingdao. The Kallanish KORE 65% Fe index declined $3.87/t to $120.24/dmt cfr, but the …

The merchant pig iron market continued its lull in the past weeks, with the exception of a couple of Brazilian deals in the western hemisphere. The CIS merchant pig iron export market was quiet, with no negotiations due to diverging price expectations in the unclear environment.

In the US, buyers …

Skyrocketing energy costs are becoming one of the main issues affecting steelmakers globally. In Europe, the issue has been at the centre of most pricing discussions during the last two months, but now the German steelmakers federation WV Stahl also noted that this issue can hamper significantly the prospects for …