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Kallanish Kallanish

Knowledge matters Knowledge matters

September, 16th 2019

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Weekly Steel

Week 36-19 10 Sep 2019

Kallanish Steel Weekly: Can the Turkish scrap market benefit from the latest iron ore recovery?

Last week the trends for Chinese iron ore prices and Turkish scrap values diverged again: iron ore recovered from the recent fall to return to level of around $90/tonne cfr China, while Turkish scrap continued to correct downward. Going forward, the main question among market participants is whether the ...

Week 35-19 03 Sep 2019

Kallanish Steel Weekly: Global crude steel production reduces significantly recovery trajectory

World crude steel production for the 64 countries reporting to the World Steel Association increased 1.7% on-year in July to 156.7 million tonnes. Growth thus slowed from 4.6% in June and 5.4% in May.

Although slowing from double-digit growth, Chinese production still increased 5% in July ...

Week 34-19 27 Aug 2019

Kallanish Steel Weekly: Iron ore prices fall to the lowest level since end of January

During the last two weeks iron ore prices have continued the downtrend initiated in July, to fall back to the lowest price level seen since the end of January this year. On Thursday the 22nd of August the price of iron ore touched $83.34/dry metric ton cfr Qingdao ...

Week 32-19 13 Aug 2019

Kallanish Steel Weekly: Scrap/iron ore differential climbing back to $200/t

The differential between the global benchmark for scrap and iron ore has been climbing back rapidly during the last several days, as Chinese iron ore has lost ground while Turkish scrap has remained relatively stable.

At the end of last week the differential between HMS 1/2 (80:20 blend ...