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Kallanish Kallanish

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September, 24th 2020

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Weekly Steel

4 Jan. 28, 2020

Kallanish Steel Weekly: Chinese HRC price correction could put global recovery at risk

After almost three months of steady recovery, Chinese hot-rolled coil prices have turned down during the last two weeks as the country prepared for the New Year celebrations.

Globally, the main markets such as North America, Europe the CIS and Turkey, are still holding firm and the recovery in HRC …

3 Jan. 21, 2020

Kallanish Steel Weekly: Global billet markets take a pause

The market for billets globally last week took a pause as scrap turned down for the first time since the beginning of the fourth quarter of 2019 and the Chinese market prepared for the celebrations of the New Year.

The CIS billet export market has remained in a lull, with …

2 Jan. 14, 2020

Kallanish Steel Weekly: Myriad factors muddy global steel outlook

The beginning of 2020 has brought a number of major uncertainties to the steel market. The International Rebar Exporters and Producers Association, Irepas, has issued its first outlook of the year qnd confirms that many conflicting factors are making the establishment of firm prognoses quite difficult.

In the long products …

1 Jan. 7, 2020

Kallanish Steel Weekly: Average raw material prices in 2019 outperform expectations

Last year saw dramatic movements in raw material prices. Most of the outlooks issued at the end of 2018 for the year ahead proved to be wrong, as is often the case. During the year, a number of unexpected events fuelled high volatility in iron ore and scrap prices globally, …