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Kallanish Kallanish

Knowledge matters Knowledge matters

September, 25th 2020

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Weekly Steel

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 …

Issue 3-18 Jan. 16, 2018

Kallanish Steel Weekly: Raw materials move up despite steel weakness

Iron ore and scrap prices in China and Turkey started the year continuing to recover, but some finished steel markets started to show some signs of weakness last week, mainly in Asia, increasing the uncertainty in the sector going forward.

Iron ore concluded last week well above the $77.5/t CFR …

Issue 1 Jan. 9, 2018

Special Edition KSW: 2017 better than expected, 2018 looks mildly positive

2017 was a better year than expected, mainly due to the good performance of the Chinese market, the reduction in exports from China and the rally of scrap prices globally.

Iron ore price during the year averaged $70-75/tonne cfr Qingdao according to Kallanish price series, well above the $60/t cfr …

Issue 51 Dec. 19, 2017

Kallanish Steel Weekly: 2017 finishes on a high note

This year has been mainly seen as a net positive for the steel market. Finished steel prices have recovered globally, reaching new record levels in China, supported mainly by the stronger-than-expected demand in the largest steel-consuming country in the world. A firm reduction in Chinese exports to international markets has …