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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 12th 2019

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Weekly Steel

Issue 6-18 06 Feb 2018

Kallanish Steel Weekly: Iron ore price continues to support markets

The iron ore price in China is continuing to remain firm, supporting prices globally despite the correction seen in scrap prices since mid-January.

Last week iron ore remained at around $72-73/tonne cfr Qingdao, before jumping back to above $75/t cfr at the beginning of the current week. The ...

Issue 5-18 30 Jan 2018

Kallanish Steel Weekly: Crude steel production jumps in 2017

Last week the World Steel Association (worldsteel) released its figures for crude steel production in 2017. According to the association, global crude steel output was 1.691 billion tonnes from its 66 reporting countries in 2017, up 5.3% year-on-year. Crude steel production increased in all regions in 2017 except ...

Issue 4-18 23 Jan 2018

Kallanish Steel Weekly: Iron ore rebounds, but scrap starts to correct

Seaborne iron ore prices gained strongly on Friday on the back of a rebound in Chinese steel prices. This supported the sentiment of the global steel market last week, but meanwhile scrap prices in Turkey fell by $15/tonne bringing some uncertainty in the European and Middle Eastern markets. The ...

Issue 3-18 16 Jan 2018

Kallanish Steel Weekly: Raw materials move up despite steel weakness

Iron ore and scrap prices in China and Turkey started the year continuing to recover, but some finished steel markets started to show some signs of weakness last week, mainly in Asia, increasing the uncertainty in the sector going forward.

Iron ore concluded last week well above the $77.5 ...