Kallanish

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 80:20 …

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, returning …

Last week, as expected, the global market focused on understanding the effects of the slump in seaborne iron ore prices registered on 26 November. All steel prices internationally have suffered as a consequence, but the latest reduction in CIS billet prices confirms that the year is coming to an end …

The World Steel Association (worldsteel) says that global crude steel output from its 64 reporting countries was 156.6 million tonnes in October 2018, up 5.8% year-on-year.

Overall during the first ten months of the year crude steel production increased some 4.7% y-o-y; by the end of the year this level …