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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 19th 2020

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China Steel Intelligence

Issue 17 Aug. 31, 2017

CSI: China gambles on speculator curbs

China’s steel markets gained strength again in August, sending spot prices higher and boosting confidence. This strength is causing two separate issues, weak exports and increased futures trading. Higher futures prices have now prompted curbs on speculators, sending ferrous futures markets into confusion. Ironically, attempts to reduce the risk of …

Issue 16 July 31, 2017

CSI: Second half has a lot to live up to

After a stronger-than-expected first half it is time to review Kallanish’s expectations for 2017. In this issue we revise our output data to account for induction furnace capacity, and look at the knock-on implications for apparent and end user demand.  Because including induction furnaces means our forecasts won’t match official …

Issue 15 July 3, 2017

CSI: Can China's markets rebalance?

China’s wet summer has helped to ease the imbalance between rebar and hot rolled coil which has sent rebar prices soaring over HRC. The surge in rebar prices had been driven by capacity closures but the removal of that capacity does not necessarily mean that the rebar has now become …

Issue 14 June 2, 2017

CSI: What the scrap?

Heading into summer, Chinese steel markets have remained surprisingly firm despite several warning signals starting to creep into the market. This has been in part because of a minimal slowdown in demand but mainly because of the continuing knock-on effects of the closure of induction furnace capacity.