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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 12th 2019

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Weekly Steel

Issue 1 09 Jan 2018

Special Edition KSW: 2017 better than expected, 2018 looks mildly positive

2017 was a better year than expected, mainly due to the good performance of the Chinese market, the reduction in exports from China and the rally of scrap prices globally.

Iron ore price during the year averaged $70-75/tonne cfr Qingdao according to Kallanish price series, well above the $60 ...

Issue 51 19 Dec 2017

Kallanish Steel Weekly: 2017 finishes on a high note

This year has been mainly seen as a net positive for the steel market. Finished steel prices have recovered globally, reaching new record levels in China, supported mainly by the stronger-than-expected demand in the largest steel-consuming country in the world. A firm reduction in Chinese exports to international markets has ...

Issue 50 12 Dec 2017

Kallanish Steel Weekly: Scrap/iron ore differential hits new high

The differential between scrap and iron prices hit a new record level last week, as Turkish scrap strengthened further and iron ore moved down slightly after the most recent rally. According to Kallanish price series, the differential between Turkish imported HMS 1/2 and Chinese imported iron ore surpassed $285 ...

Issue 49 05 Dec 2017

Kallanish Steel Weekly: Billet prices recover as raw materials sentiment strengthens

Billet prices in the Black Sea region have changed direction since the beginning of November, as raw materials pricing sentiment strengthened during the last few weeks. The benchmark for billet exported out of the Black Sea fell by $60/tonne in two months since mid-September, but returned at $480/t ...