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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

Week 48 Nov. 28, 2017

Global crude steel output continues on-year growth

The World Steel Association (worldsteel) says that global crude steel output from its 66 reporting countries was 145.3 million tonnes in October 2017, up 5.9% year-on-year. Capacity utilisation within the reporting countries also rose y-o-y again during the month, but dipped slightly compared to September 2017.

China produced 72.4mt in …

Week 47 Nov. 21, 2017

Kallanish Steel Weekly: Raw material prices firm despite Chinese restrictions

Last week, all eyes in the global steel markets were pointed at China, where the announced measures to restrict output during the winter season have begun to be implemented. The local authorities have decided to put restrictions on output by certain mills in order to control pollution levels during the …

Week 46 Nov. 14, 2017

Kallanish Steel Weekly: Global steel sentiment remains steady-to-steadier

Sentiment within global iron and steel remains generally firm as markets turn their attention towards the next quarter and the coming year.

With myriad signals and economic indicators being generated almost as prolifically as its steel, the mood in China’s domestic iron and steel market remains solid. And as we …

45 Nov. 7, 2017

Kallanish Steel Weekly: Iron ore hits new low, scrap holds

Last week the iron ore price reached its lowest point since the end of June, falling below $60/tonne cfr Qingdao and getting closer to 2017’s low of $53.49/t cfr Qingdao registered in mid-June. The latest correction came after the price had been ranging at $60-65/t cfr since the end of …