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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 21st 2019

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Weekly Steel

Issue 2-19 15 Jan 2019

Kallanish Steel Weekly: Billet prices in Asia see pressure from CIS

Despite the relative stability of iron ore prices in China and globally, the downturn of the scrap market is impacting billet prices both in the CIS and in Asia. While in the CIS prices have dropped to the lowest level since June 2017, in South East Asia they are holding ...

Issue 1-19 08 Jan 2019

Kallanish Weekly Steel: Iron ore starts 2019 strong, scrap remains under pressure

Iron ore prices have finished 2018 and started 2019 with strong momentum, following the steep correction registered in November. Since the beginning of December the Kallanish KORE 62% Fe index recovered almost $10/tonne, returning firmly above $73/t cfr Qingdao during the first days of the new year.

The ...

Issue50-18 18 Dec 2018

Kallanish Steel Weekly: Scrap prices hit new low for 2018

Last week Turkish scrap continued to remain under pressure. Mills in the country continue to face slow demand both domestically and in the export markets, forcing them to consider production stoppages in the coming weeks and months.

As purchases of scrap remained absent, the Kallanish index for HMS 1/2 ...

Issue49-18 11 Dec 2018

Kallanish Steel Weekly: Turkish scrap keeps falling impacting global sentiment

The Turkish imported price continued to fall last week as local mills prepare to reduce their output during the winter on the back of little demand in the export markets as well as domestically.

Last week the Kallanish index registered a new decrease of some $10-15/t for Turkish scrap ...