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Kallanish Steel Weekly

13-24 | April 3, 2024

Issue 13, 2024 - This week's editorial: Baltimore bridge collapse to impact raw materials trade

The Francis Scott Key bridge catastrophe in Baltimore, Maryland has the potential to block more than 1 million short tons of US metallurgical coal exports, pinching supplies for customers as far away as Europe and Asia. …

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12-24 | March 26, 2024

Issue 12, 2024 - This week's editorial: Overall production and DRI output increase on-year: Worldsteel Association

Global crude steel production rose 3.7% on-year in February to 148.84 million tonnes; however, Chinese output remained unconfirmed, according to the information provided by worldsteel.

Chinese steel output is estimated to have grown 3.5% in …

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11-24 | March 19, 2024

Issue 11, 2024 - This week's editorial: ArcelorMittal surges in the tubing market with a Vallourec share acquisition

ArcelorMittal has agreed to acquire 28.4% of French tubing producer Vallourec for approximately €955 million ($1.09 billion).

ArcelorMittal will purchase 65.2 million Vallourec shares for €14.64/share from funds managed by Apollo Global Management. …

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10-24 | March 12, 2024

Issue 10, 2024 - This week's editorial: Pig iron remains under pressure from scrap

Russian pig iron export prices remained under pressure due to falling scrap prices, leading to subdued demand as foreign customers wait for prices to bottom out.

In certain markets, notably Italy, where pig iron market saturation levels …

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