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Kallanish Kallanish

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September, 25th 2020

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Weekly Steel

28 July 14, 2020

Kallanish Steel Weekly: Pig iron market quietens, prices start feeling the pinch

The on-going absence of US buyers in the global merchant pig iron market is starting to reflect on prices, and this is exacerbated by the softening in Chinese demand and price levels. 

Chinese demand is seasonally affected, but also reflects vast import volumes implemented in the last quarter. These have …

27 July 7, 2020

Kallanish Steel Weekly: New EU safeguard rules become effective, no one satisfied with changes

The European Commission has published the final document related to the review of the safeguard system for steel imports. As anticipated, the new amendments will come into force from 1 July, with some important changes in particular to the way tariff-free quotas are allocated.

Firstly, the Commission has changed all …

26 June 30, 2020

Kallanish Steel Weekly: May output falls despite continued Chinese growth

Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) fell -8.7% on-year in May to 148.78 million tonnes. The association reiterates, however, that many figures are estimates and likely to be revised next month due to the Covid-19 pandemic impact.

China was again one of …

25 June 23, 2020

Kallanish Steel Weekly: Automotive sector remains the biggest victim of coronavirus

Fitch Solutions expects global automotive production to decline -11.5% on-year in 2020 as a result of Covid-19-related lockdown measures and supply chain disruption.

The current crisis has hit the industry harder than the 2008/09 global financial crash. “Even back in the global financial crisis the industry could still operate, so …