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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 23rd 2020

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Weekly Steel

Issue15-18 April 10, 2018

Kallanish Steel Weekly: Raw material prices seem to have peaked for 2018

The correction of global iron ore, scrap and billet prices continued last week, as the market’s fundamentals remain weaker than at the beginning of this year. While the price reductions could slow down going into Q2, it is likely that the peak levels for 2018 have already been reached in …

Issue14-18 April 4, 2018

Kallanish Steel Weekly: Section 232 stirs debate and diplomacy

The new US tariffs on steel and aluminium were a hot topic at the 16th International Steel Markets and Trade Conference in Xian last week. There was little sign that any participants expected either China or the US to give up their basic positions, but all sides were at least …

Issue13-18 March 28, 2018

Kallanish Steel Weekly: February crude production data, market uncertainty arrive

Increased production in China and India pushed up crude steel output in the 64 countries reporting to the World Steel Association by 3.5% on-year in February to 131.79 million tonnes. Overall the aggregated January-February crude steel production in the 64 countries rose 4% on-year to 276.65mt.

The data, indicating a strong …

Issue12-18 March 20, 2018

Kallanish Steel Weekly:Billet market strengthens further, premium sets new record

The billet market continues to be particularly strong. CIS suppliers have consolidated their export sales at some $550/tonne fob Black Sea supported by the relatively small availability and the continued lack of strong competition from other suppliers.

The strength in the billet market is also highlighting the good profitability overall …