Kallanish Steel Weekly
The market for flat products has been suffering from increasing pressure since the second part of last year, as prices have started to trend down globally due to a slowdown in demand. This has happened, nevertheless, as input costs (particularly iron ore prices) have continued to remain elevated, severely impacting …
Last week the iron ore index published daily by Kallanish reached a new five-year record due to continued market concerns about tight supply of the seaborne product. On Thursday, KORE 62% Fe index reached $108.23/dry metric ton cfr Qingdao, surging almost $10/tonne over four days.
This was the highest level …
Indian steelmakers’ performance is likely to be hampered in the first fiscal quarter through June by slowing domestic steel consumption growth and elevated coking coal prices, according to Indian credit rating agency ICRA.
India is the second-largest crude steel producing country in the world. During the first four months of …
Global steel output from the 64 countries reporting to worldsteel rose 6.4% on-year in April to 156.7 million tonnes. This was driven by a 12.7% surge in Chinese output to 85mt, according to the latest data from the World Steel Association.
Indian production increased 1.5% to 8.8mt but output in …
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous