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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

Week 36 Sept. 5, 2017

Semis prices remain at a 2017 peak

Semi-finished products prices continued to remain firm last week, having reached their annual peak supported by strong scrap and iron ore prices.

According to Kallanish, billet stabilised at some $500-510/t FOB Black Sea since mid-August, as the high scrap levels pushed Turkish mills to increasingly order billets as a substitute …

Week 35 Aug. 29, 2017

Global steel production continues to grow

Last week the World Steel Association published the latest data regarding crude steel production globally, confirming once again that output is continuing to expand this year, supported mainly by the Chinese market.

In July the world produced 143.2 million tonnes of crude steel, up over 6% year-on-year. This is the …

Week 34 Aug. 22, 2017

Iron ore/scrap differential reaches record high

The differential between the global benchmark for iron and scrap has reached a new record level last week, as scrap prices continued to jump and the iron ore prices stabilised at the levels seen since the second week of August. 

Week 33 Aug. 15, 2017

Chinese steel prices rise as global demand firms

Prospects for the global steel sector for the rest of 2017 remain healthy. Seaborne iron ore prices are in the mid-$70 range, global ferrous scrap prices continue to strengthen, Chinese steel prices remain firm-to-improving and most major steelmakers are posting improving financial results.