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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 23rd 2020

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Weekly Steel

Issue11-18 March 13, 2018

Kallanish Steel Weekly: Seaborne iron ore prices wobble on China uncertainty

Seaborne iron ore prices in China slumped below $70/tonne on Friday for the first time since 15 December. News of potential output restrictions in northern China are dragging down iron ore more than they are supporting steel prices. The fall in iron ore prices came as the market continued last …

Issue10-18 March 6, 2018

Kallanish Steel Weekly: Section 232 chaos starts as market continues strong

The proposal by President Trump to slap a 25% tariff on all steel products imported in the US by all countries has raised concerns in an otherwise strong global steel market. It is too soon to understand the actual impact of such a proposal on the global markets. it is …

Issue 9-18 Feb. 27, 2018

Kallanish Steel Weekly: US 232 move holds market hostage

The global market is collectively holding its breath while US President Donald Trump carefully and calmly considers his response to the US Department of Commerce’s 232 investigation. The department’s preliminary recommendation was either a blanket tariff of 24% on every country and every product, a 53% tariff on 12 countries …

Issue 8-12 Feb. 20, 2018

Kallanish Steel Weekly: Global steel markets ponder new trade war

Last week the main global steel market, China, entered its annual holiday period to celebrate the beginning of the Year of the Dog. While this has brought some calm to the international raw materials and finished steel markets, much of the discussion during recent days has focused on new developments …