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Kallanish Kallanish

Knowledge matters Knowledge matters

August, 14th 2020

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Weekly Steel

Issue 7-18 Feb. 13, 2018

Kallanish Steel Weekly: Raw material prices rise again

Last week raw material prices gave a clear sign that the global market remains in good shape, as both iron ore in China and scrap values in Turkey moved upwards. Iron ore began the week at slightly above $75/tonne cfr Qingdao only to move up to over $76/t cfr Qingdao …

Issue 6-18 Feb. 6, 2018

Kallanish Steel Weekly: Iron ore price continues to support markets

The iron ore price in China is continuing to remain firm, supporting prices globally despite the correction seen in scrap prices since mid-January.

Last week iron ore remained at around $72-73/tonne cfr Qingdao, before jumping back to above $75/t cfr at the beginning of the current week. The rebound gave …

Issue 5-18 Jan. 30, 2018

Kallanish Steel Weekly: Crude steel production jumps in 2017

Last week the World Steel Association (worldsteel) released its figures for crude steel production in 2017. According to the association, global crude steel output was 1.691 billion tonnes from its 66 reporting countries in 2017, up 5.3% year-on-year. Crude steel production increased in all regions in 2017 except in the …

Issue 4-18 Jan. 23, 2018

Kallanish Steel Weekly: Iron ore rebounds, but scrap starts to correct

Seaborne iron ore prices gained strongly on Friday on the back of a rebound in Chinese steel prices. This supported the sentiment of the global steel market last week, but meanwhile scrap prices in Turkey fell by $15/tonne bringing some uncertainty in the European and Middle Eastern markets. The rebound …