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Kallanish Kallanish

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July, 5th 2020

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Weekly Steel

Week 20 May 16, 2017

Steel markets transition, raw materials stabilise

Last week was a week of transition for the steel markets as both scrap and iron ore prices stabilised and the market began looking for direction.

Iron ore prices were steady the entire week at levels very close to $60/tonne cfr China; this level has been recorded since 5 May. …

Week 19 May 9, 2017

Iron ore at record low, scrap peaks

Last week steel prices in China recovered somewhat, supporting an increasing sentiment across the globe. Iron ore prices surpassed on the 27 April the $67/t cfr Qingdao, according to Kallanish’s price index, over $2/t above mid-April’s bottom. The rebound supported a recovery in Chinese finished steel prices as well as …

Week 18 May 3, 2017

Prices rebound but recovery could be short-lived

Last week steel prices in China recovered somewhat, supporting an increasing sentiment across the globe. Iron ore prices surpassed on the 27 April the $67/t CFR Qingdao, according to Kallanish’s price index, over $2/t above mid-April’s bottom. The rebound supported a recovery in Chinese finished steel prices as well as …

Week 17 April 25, 2017

Demand accelerates 2017 growth, market prices fragile

This year the world is set to accelerate its steel demand growth despite the fact China has probably reached its peak and will soon start showing signs of demand correction. Last week the World Steel Association (worldsteel) published its outlook indicating that global demand is set to grow 1.3% y-o-y …