Kallanish Steel Weekly
Issue 27, 2024 - This week's editorial: Global scrap prices firm
Indian demand for imported scrap remained sluggish last week, with no major bookings reported. Prices for EU/UK-origin shredded scrap stayed stable at $410-415/tonne, while West Africa-origin HMS 80:20 scrap held at $385-390/t cfr Nhava Sheva.
The onset of the monsoon …
Issue 26, 2024 - This week's editorial: Worldwide long steel consumption wanes. Prices decrease
Slow activity and a lacklustre market for long products are seen in Europe, Middle East, North Africa, Asia, and the US, resulting in occasionally declining prices. Rebar import prices continue to weaken in Singapore and Hong Kong, …
Low consumption impacts global HRC pricing and trade
European domestic HRC prices are projected to rise by €30-40/tonne ($32-42) in the coming weeks, reaching €700-720/t in Q4, according to GMK CEO Stanislav Zinchenko, who spoke earlier this month at Kallanish Europe Steel Markets 2024 in Milan. Most sellers expected prices …
European industry debates political shift, HRC quota cap
European steel industry representatives gathered in Milan last week for Kallanish Europe Steel Markets 2024, where discussion centred around the continent’s deindustrialisation, gloomy demand outlook for the second half-year and the European Commission’s proposal to cap individual origins within the “other country” …
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous