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Kallanish Kallanish

Knowledge matters Knowledge matters

July, 15th 2020

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Weekly Steel

16 April 21, 2020

Kallanish Steel Weekly: Assessing the impact of coronavirus on global steel demand

The World Steel Association has delayed its bi-annual outlook on global steel demand due to the uncertainties caused by Covid-19. Nevertheless, a big fall in overall steel demand this year is inevitable.

“After slower than expected growth in 2019, mainly due to the deep manufacturing recession in the developed economies, …

15 April 15, 2020

Kallanish Steel Weekly: Coronavirus has minor impact on iron ore output globally, price holds

Last week BHP has said it has not seen any impact on its operations from the coronavirus, despite a small number of its staff globally testing positive. It notes there has not been any broad transmission between employees and that it has taken measures to reduce the risk of the …

14 April 7, 2020

Kallanish Steel Weekly: Scrap/iron ore differential reaches record-low levels

Last week the rapid slump of Turkish scrap prices took the differential between scrap and iron ore to record-low levels. Despite the difficulties in the global steel markets, iron ore is holding between $80/tonne and $90/t. Turkish scrap values meanwhile touched a fouryear low ast week. According to Kallanish, the …

13 March 31, 2020

Kallanish Steel Weekly: Iron ore falls under pressure, 2020 outlooks remain firm

The rating agency Fitch expects iron ore prices to fall in the second half of 2020 as a result of increasing output in Brazil and Australia later in the year, as well as slower economic growth. Its iron ore price assumptions, however, remain unchanged at $75/tonne cfr China for 62% …