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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 8th 2019

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Weekly Steel

Issue25-18 19 Jun 2018

Kallanish Steel Weekly: Billet, scrap levels bounce back, iron ore stable

Last week the scrap and billet market saw a revival in activity that led to a recovery in prices from the low points reached at the end of May.

Scrap, for example, returned to $355/tonne cfr Turkey for HMS 1/2 (80:20) after having touched $340/t cfr ...

Issue24-18 12 Jun 2018

Kallanish Steel Weekly: New trade barriers exacerbate global price differentials

During the last three months the price differentials for steel products globally have started to take a clear direction as a result of the uncertainty raised by new trade barriers.

The domino effect began with US 232 tariffs. As a result, three months later, some major steel markets such as ...

Issue23-12 05 Jun 2018

Kallanish Steel Weekly: Raw material prices remain under pressure

Raw material prices globally remained under pressure last week following the announcement by the US authorities to impose a 25% tariff on imports from Europe, Canada and Mexico. This has further confirmed that the near future of the market will be dominated by trade issues and increasing barriers.

The iron ...

Issue22-18 29 May 2018

Kallanish Steel Weekly: Capacity utilisation reaches record level, raw materials pressured

In April the global capacity utilisation rate at crude steel mills reached almost 77%. That represents a four-year high, thanks to continuing recovery in output driven by China and followed by the majority of the top steelmaking countries, according to the latest data from the World Steel Association (worldsteel). In ...