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Kallanish Kallanish

Knowledge matters Knowledge matters

September, 23rd 2018

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Weekly Steel

Issue37-18 18 Sep 2018

Kallanish Steel Weekly: Iron ore hits six-month record high

Since the beginning of September, the price of iron ore imported into China has continued to improve from the level of $65/tonne cfr Qingdao.Last week the Kallanish KORE 62% Fe index reached the highest point since mid-March this year, confirming that the Chinese market is continuing to perform ...

Issue 36 11 Sep 2018

Kallanish Steel Weekly: Volatility of CIS billet prices reflects market uncertainty

During the last 10 days the global market has sent out very mixed signals, indicating that uncertainty over the future direction of prices is growing. Scrap levels have recovered, supporting billet and longs prices, but iron ore continued to remain range-bound.

The apparent recovery of CIS billet prices at the ...

Issue35-18 04 Sep 2018

Kallanish Steel Weekly: Global steel production continues to grow

Crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) rose 5.8% on-year in July to 154.6 million tonnes, accelerating further the overall recovery seen so far in 2018.

Output in Asia grew 6.3% to 108.98mt, driven by a 7.2% and ...

Issue34-18 28 Aug 2018

Kallanish Weekly Steel: Uncertainty continues as credit rating agencies downgrade Turkey

Two major credit rating agencies have downgraded their ratings for Turkey due to the country’s increasing financial stress and a’ perceived inadequate response from policymakers.

Moody’s has downgraded Turkey’s long-term issuer ratings to Ba3 from Ba2 and changed its rating outlook to negative, concluding the review for ...