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Kallanish Kallanish

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September, 26th 2020

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Weekly Steel

20 May 19, 2020

Kallanish Steel Weekly: Iron ore prices return to pre- coronavirus levels

Last week, iron ore prices returned to levels not seen since before the coronavirus was officially declared a public health emergency of international concern (PHEIC) by the World Health Organisation (WHO).

According to Kallanish indexes, the KORE 62% Fe index gained $1.81/tonne to $91.86/ dry metric ton cfr Qingdao on …

19 May 12, 2020

Kallanish Steel Weekly: What will the second quarter be like for steel demand?

Global steelmakers have been publishing their first-quarter results, highlighting the challenges faced due to the coronavirus outbreak, first in China and then globally. Many of the Western economies are now trying to ease lockdowns. It is time therefore to understand just how much Q2 will be impacted by the emergency …

18 May 5, 2020

Kallanish Steel Weekly: Iron ore prices see pressure, steel profitability remains an issue

Last week iron ore prices in China drifted slightly, though remaining at a relative firm level despite the uncertainties created by the coronavirus outbreak.

Ahead of the Chinese holidays for Labour Day, prices for KORE 62% Fe stood at slightly above $82/tonne cfr Qingdao. The KORE 65% Fe index, meanwhile, …

17 April 28, 2020

Kallanish Steel Weekly: March global crude steel production falls, more reductions expected in Apr

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries dipped year-on-year in March 2020 to 147.1 million tonnes, down by - 6%. “Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates from national and regional …