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Kallanish Kallanish

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September, 27th 2020

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Weekly Steel

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. …

6 Feb. 11, 2020

Kallanish Steel Weekly: Top global steel producer confirms market difficulties

ArcelorMittal confirmed in its 2019 results last week that the global steel market is contiiuing to be affected by a raft of pressures. Despite the challenging results registered last year, the company says however that the slowdown in steel demand is beginning to stabilise. The supportive inventory environment will also …

5 Feb. 4, 2020

Kallanish Steel Weekly: Most global steel prices continue negative correction

The effects of the uncertainty created by the coronavirus outbreak in China are continuing to impact the steel market globally. Most global indicators for steel prices have corrected significantly during the last 10 days. New pressure is expected to be confirmed this week as China officially returns to work following …