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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 24th 2020

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Weekly Steel

Issue39-18 Oct. 2, 2018

Kallanish Steel Weekly: Can China's winter restrictions support the global market?

The last two weeks of September saw a clear ebb in sentiment in Chinese steel markets as uncertainty over winter restrictions turned in to expectation that they would not be as strict as hoped for. How much production will actually be cut, and how this compares to last year and …

Issue38-18 Sept. 26, 2018

Kallanish Steel Weekly: Global steel overcapacity falls again in 2017: OECD

The Organization for Economic Cooperation and Development (OECD) says that global steelmaking capacity decreased for the second consecutive year in 2017. Its latest report on the topic suggests, however, that the latest “… modest decrease still falls short of alleviating global overcapacity." The organisation also foresees significant additional steelmaking capacity …

Issue37-18 Sept. 18, 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 well.

On …

Issue 36 Sept. 11, 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 …