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Kallanish Kallanish

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September, 22nd 2020

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Weekly Steel

Week 25 June 20, 2017

Pressures ease on steelmaking raw materials

Last week the steel market saw the pressure on raw material prices easing slightly. Iron ore levels moved up toward the end of the week and scrap prices reached the highest point since March this year.

Iron ore prices closed the week near $55/tonne cfr Qingdao, much lower than the …

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 …