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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 8th 2019

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Weekly Steel

Issue29-18 17 Jul 2018

Kallanish Steel Weekly: Trade war bites into Chinese steel demand

On  11 July, the US announced plans to impose 10% duties on another $200 billion of Chinese goods. These could impact some 3 million tonnes/year of demand for Chinese steel, far more than the section 232 tariffs. The more important impact may still lie in China’s response, which ...

Issue28-18 10 Jul 2018

Kallanish Steel Weekly: Iron ore/scrap spread remains firm

The differential between iron ore prices in China and scrap levels in Turkey remained steady last week despite the slight reduction of scrap levels since the March peak.

Currently, the spread is some $290/tonne. Scrap is holding at above $350/t cfr Turkey and iron ore continues to fluctuate ...

Issue27-18 03 Jul 2018

Kallanish Steel Weekly: Billet prices return to quarterly peak

Last week billet prices inched up slightly to $520/tonne fob Black Sea, returning to the peak level registered during April-June. The second quarter was a volatile period overall for billet prices, with ups and downs registered. The recovery seen during the last week of the quarter could give some ...

Issue26-18 26 Jun 2018

Kallanish Steel Weekly: Raw material prices stabilise as third quarter looms

Last week raw material prices remained fairly stable as the third quarter approached and the market is expected to calm down slightly during the July and August period.

Turkish scrap values remained at $355/tonne cfr last week. The scrap market had recovered slightly around 10 June and then stabilised ...