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Kallanish Kallanish

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September, 26th 2020

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Weekly Steel

Week 42 Oct. 18, 2017

Kallanish Steel Weekly: China returns from holiday but no big splash

The global steel community saw activity improve again last week as China returned after its Golden Week holiday. The lull seen in the week before last proved once again that the world’s largest steel producer and user continues to define market sentiment, activity and much else for that matter. That …

Week 41 Oct. 10, 2017

Kallanish Steel Weekly: Raw materials give mixed signals despite expected recovery

Global iron ore and scrap prices prepared for a rebound towards the end of last week, following the corrections registered since the beginning of September, but signals from the market are mixed. The extent of this recovery is uncertain and the iron ore market seems to be suffering more than …

Week 40 Oct. 3, 2017

Kallanish Steel Weekly: Raw material prices fall back to July levels

Raw material prices continued their downward trend last week, falling back to the levels registered in mid-July. The correction is putting pressure on finished steel markets across the globe, with some exceptions such as Europe and Latin America. According to Kallanish price series, iron ore lost more than -15% since …

Week 39 Sept. 26, 2017

Kallanish Steel Weekly: Scrap and iron ore fall rapidly

Last week raw material prices increase the pace of their fall as Chinese sentiment decreased and markets started to react quickly to the new negative trend.

Iron ore prices last week fell below $65/t CFR Qingdao for the first time since the beginning of July. Since September, the price has …