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Kallanish Kallanish

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July, 6th 2020

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Weekly Steel

Week 45-19 Nov. 12, 2019

Kallanish Steel Weekly: Coil prices globally moving up after long-lasting decrease

After a long period of decreases across the globe, hot-rolled coil prices are finally recovering in most markets. The recovery was first initiated in mid-October in Turkey and North America, as a direct consequence of the pickup in scrap prices.

Turkish prices recovered some $20/tonne in two weeks since mid-October, …

Week 44-19 Nov. 5, 2019

Kallanish Steel Weekly: Steel market regionalisation continues to be major issue for sector

Regionalisation in the global steel market is continuing to accelerate, creating many problems for participants and for the wider industry. This is according to a number of speakers at last week’s World Steel Dynamics conference in Milan.

Michel Van Hoey from McKinsey & Company calculates that in 2018 only 22% …

Week 43-19 Oct. 29, 2019

Kallanish Steel Weekly: Global steel output drops for the first time in 2019 as China growth slows

World crude steel production for the 64 countries reporting to the World Steel Association declined -0.3% on-year in September to 151.5 million tonnes. This represented the first monthly decline in 2019.

It came as Chinese output growth slowed to 2.2%, giving a tonnage of 82.77mt. Indian output, meanwhile, grew 1.6% …

Week 42-19 Oct. 22, 2019

Kallanish Steel Weekly: Worldsteel boosts outlook for 2019, 2020 on Chinese performance

The World Steel Association (worldsteel) estimates that global apparent steel demand will grow in both 2019 and 2020. The association announced this in its latest Short Range Outlook (SRO) on 14 October at its annual conference in Monterey, Mexico. Apparent steel demand growth in China could reach 7.8% year-on-year, although the …