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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

Week 24 June 13, 2017

Iron ore approaches 11-month low

Iron ore prices continued to slip last week, falling below $55/tonne cfr Qingdao for the first time since October, according to the Kallanish price index. The current value is close to the lowest level since July 2016.

This year’s price graph is a cause for concern, due to the fall …

Week 23 June 6, 2017

Raw materials look down, but scrap firmer than iron ore

Last week both iron ore and scrap prices decreased indicating that the market globally is weakening slightly as the summer is starting in China and the Ramadan has begun in Turkey and the Middle East.

Iron ore settled last week at levels close to $55/t CFR Qingdao according to Kallanish …

Week 22 May 30, 2017

Iron ore at seven months low, scrap stable

Last week the Kallanish iron ore index reached a seven-months low at $58.24/tonne CFR Qindgdao; the correction came as Chinese rebar and HRC prices moved up during the week, indicating that mills have manged to increase somewhat their marginality. While the lower iron price is set to force the market …

Week 21 May 23, 2017

Iron ore average 2017 YTD price remains above $75/t

Last week the Kallanish iron ore benchmark recovered somewhat and supported Chinese finished steel prices. While the recovery was welcomed in the market, it is uncertain how long this could last going into June as stocks remain at record highs and traders in South-East Asia are bidding for lower levels. …