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Kallanish Steel Weekly

36-23 | Sept. 26, 2023

Issue 36, 2023 - This week's editorial: Iron ore price outlook remains strong for 2023

BMI, a unit of Fitch Solutions, has maintained its 2023 iron ore price forecast at an annual average of $110/tonne, with strong risks to the upside.

BMI says in a note that the iron ore …

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35-23 | Sept. 19, 2023

Issue 35, 2023 - This week's editorial: Coking coal markets could 'break' in the near future
A looming global shortage of coking coal supply is being exacerbated by problems with investing in new mining capacity. If supply does not pick up, coking coal markets could “break”, according to Mark Bolton, …

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34-23 | Sept. 12, 2023

Russian steelmaker Severstal plans to return to steel production volumes seen in 2021, before the Russian invasion of Ukraine and resulting sanctions against Moscow.

The company’s goal is to produce 11.5 million tonnes by the end of this year, Severstal head of investor relations Nikita Klimantov said during a Tinkoff …

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33-23 | Sept. 5, 2023

Brazil's Vale says it has started loading tests at its first iron ore briquette plant in Brazil. This is the last stage before production begins at the Tubarão unit.

"This is a historic moment for the steel industry," Vale's executive chief Eduardo Bartolomeo comments. "After several years of development in …

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