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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

Issue14-18 April 4, 2018

Kallanish Steel Weekly: Section 232 stirs debate and diplomacy

The new US tariffs on steel and aluminium were a hot topic at the 16th International Steel Markets and Trade Conference in Xian last week. There was little sign that any participants expected either China or the US to give up their basic positions, but all sides were at least …

Issue13-18 March 28, 2018

Kallanish Steel Weekly: February crude production data, market uncertainty arrive

Increased production in China and India pushed up crude steel output in the 64 countries reporting to the World Steel Association by 3.5% on-year in February to 131.79 million tonnes. Overall the aggregated January-February crude steel production in the 64 countries rose 4% on-year to 276.65mt.

The data, indicating a strong …

Issue12-18 March 20, 2018

Kallanish Steel Weekly:Billet market strengthens further, premium sets new record

The billet market continues to be particularly strong. CIS suppliers have consolidated their export sales at some $550/tonne fob Black Sea supported by the relatively small availability and the continued lack of strong competition from other suppliers.

The strength in the billet market is also highlighting the good profitability overall …

Issue11-18 March 13, 2018

Kallanish Steel Weekly: Seaborne iron ore prices wobble on China uncertainty

Seaborne iron ore prices in China slumped below $70/tonne on Friday for the first time since 15 December. News of potential output restrictions in northern China are dragging down iron ore more than they are supporting steel prices. The fall in iron ore prices came as the market continued last …