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Kallanish Kallanish

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August, 4th 2020

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Weekly Steel

10 March 10, 2020

Kallanish Steel Weekly: Raw materials to remain range-bound, uncertainties continue to grow

With their domestic demand impacted by the coronavirus outbreak and inventories building up, Chinese suppliers are expected to return to the export market. This is according to the committees of the International Rebar Exporters and Producers Association (Irepas) meeting at the end of February in Belgrade. Chinese billet has already …

9 March 3, 2020

Kallanish Steel Weekly: Fear of Coronavirus spreads in the West, clouding market

Last week, the main global news involved the rapid spread of the coronavirus in Europe, with growing fears also being registered in the US and in many other countries. While the numbers of infected people are lowering in China, concern in the Western world is now spreading. This is most …

8 Feb. 25, 2020

Kallanish Steel Weekly: Iron ore recovers, coronavirus worries remain

Seaborne iron ore prices ended last week with another increase as market sentiment continues to improve. Iron ore port stocks have also continued to decrease amid slower deliveries from Australia and Brazil. 

The Kallanish KORE 62% Fe index gained $0.18/tonne to $91.63/dry metric ton cfr Qingdao. The index returned to …

7 Feb. 18, 2020

Kallanish Steel Weekly: Is the impact of coronavirus already easing on raw materials?

Last week iron ore in China, Turkish scrap and CIS billet prices all recovered as the impact of the coronavirus on the market appeared to ease somewhat.

According to Kallanish indices, iron ore jumped back to close to $90/tonne cfr Qingdao, fuelled by the reduction in stocks at Chinese ports. …