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Kallanish Kallanish

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September, 21st 2020

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Weekly Steel

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. …

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 …