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Kallanish Kallanish

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September, 26th 2020

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Weekly Steel

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 …

Week 44 Oct. 31, 2017

Kallanish Steel Weekly: Raw material prices remain relatively stable

Last week the global indicators for ferrous raw material prices remained fairly stable in their range, continuing the trend initiated 10 October.

Scrap prices in Turkey remained stable again at $300-310/t CFR Turkey for HMS 1/2 (80:20). This is some $50/t below this year’s peak back during the summer, but …

Week 43 Oct. 24, 2017

Kallanish Steel Weekly: Global demand to grow 2.8% in 2017

Global finished steel demand will increase 7% on-year in 2017 to 1.62 billion tonnes, the World Steel Association forecasts in its latest October short-range outlook. The high growth rate, however, is partly an effect of the shift to official statistics of unrecorded demand previously satisfied by Chinese induction furnaces, which …