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Kallanish Kallanish

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July, 3rd 2020

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Weekly Steel

18 May 5, 2020

Kallanish Steel Weekly: Iron ore prices see pressure, steel profitability remains an issue

Last week iron ore prices in China drifted slightly, though remaining at a relative firm level despite the uncertainties created by the coronavirus outbreak.

Ahead of the Chinese holidays for Labour Day, prices for KORE 62% Fe stood at slightly above $82/tonne cfr Qingdao. The KORE 65% Fe index, meanwhile, …

17 April 28, 2020

Kallanish Steel Weekly: March global crude steel production falls, more reductions expected in Apr

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries dipped year-on-year in March 2020 to 147.1 million tonnes, down by - 6%. “Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional …

16 April 21, 2020

Kallanish Steel Weekly: Assessing the impact of coronavirus on global steel demand

The World Steel Association has delayed its bi-annual outlook on global steel demand due to the uncertainties caused by Covid-19. Nevertheless, a big fall in overall steel demand this year is inevitable.

“After slower than expected growth in 2019, mainly due to the deep manufacturing recession in the developed economies, …

15 April 15, 2020

Kallanish Steel Weekly: Coronavirus has minor impact on iron ore output globally, price holds

Last week BHP has said it has not seen any impact on its operations from the coronavirus, despite a small number of its staff globally testing positive. It notes there has not been any broad transmission between employees and that it has taken measures to reduce the risk of the …