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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 24th 2020

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Weekly Steel

Issue35-18 Sept. 4, 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 estimated 8% growth respectively in …

Issue34-18 Aug. 28, 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 downgrade that was …

Issue33-18 Aug. 21, 2018

Kallanish Steel Weekly: Global markets continue to evaluate effects of Turkish crisis

August is usually a relatively calm month for the global steel markets as most of the main producer countries take an annual summer break. This year, nevertheless, the announcement by the US authorities of the decision to double the import tariffs for steel and aluminium for Turkish products forced many …

Issue32-18 Aug. 7, 2018

Kallanish Steel Weekly: Billet prices drift despite stable iron ore

CIS billet prices remained stable last week, but the market continues to be described by traders as “... drifting.” Since the end of July Black Sea export prices for billet have stabilised at $500/tonne fob, close to the annual lower-end reached in late January this year.

Historically billet prices are …