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Kallanish Kallanish

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January, 24th 2020

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Weekly Steel

50 Dec. 17, 2019

Kallanish Steel Weekly: 2020 steel outlook dips for EU, stabilises for Russia, LatAm

Ratings analyst Moody’s has prepared its outlook for the steel sector for next year.

Moody’s foresees a negative outlook for the European steel sector in 2020. The rating agency notes that the outlook could change only if fundamentals for the continent’s economy perform better than expected and margins for steelmakers …

Week 49-19 Dec. 10, 2019

Kallanish Steel Weekly: Billet prices continue to grow, further recovery needs support

CIS billet prices increased again last week amid fresh demand resulting in new sales at mills' offer levels. The sales lifted current offers to the pivotal $400/tonne fob mark and slightly higher, enabling mills to continue with price increases.

Several lots of billet, some considerable, were sold at $395-400/t fob …

Week 48-19 Dec. 3, 2019

Kallanish Steel Weekly: Global steel production slows down again to reach new record drop

The World Steel Association (worldsteel) said last week that global crude steel output from its 64 reporting countries was 151.5 million tonnes in October 2019, down -2.8% year-on-year. This drop is the biggest registered globally since 2016.

This year crude steel production increased strongly since the beginning of the year, …

Week 47-19 Nov. 26, 2019

Kallanish Steel Weekly: Scrap recovery pauses, iron ore moves up

Last week the ongoing recovery in scrap prices paused slightly, while iron ore prices continued to strengthen.

Although some Turkish mills were still inquiring about scrap at the beginning of last week, most were seen to have taken a wait-and-see stance for their scrap purchases. After an intense period of …