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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 5th 2019

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Weekly Steel

Week 27 04 Jul 2017

Firm raw material prices support steel

Last week the global ferrous market continued to enjoy a positive momentum, as raw material prices remained firm and continued to support finished steel levels across the globe.

Iron ore stabilised at levels above the $60/t CFR Qingdao, a level not recorded since end of May this year. The ...

Week 26 27 Jun 2017

Bleak outlook for iron ore, but price holds

Last week, CitiBank published its revised outlook for the iron ore market. According to the latest analysis from the bank, iron ore prices are set to continue their negative trend in order to force producers to reduce output and rebalance supply and demand. Citi says that iron ore has to ...

Week 25 20 Jun 2017

Pressures ease on steelmaking raw materials

Last week the steel market saw the pressure on raw material prices easing slightly. Iron ore levels moved up toward the end of the week and scrap prices reached the highest point since March this year.

Iron ore prices closed the week near $55/tonne cfr Qingdao, much lower than ...

Week 24 13 Jun 2017

Iron ore approaches 11-month low

Iron ore prices continued to slip last week, falling below $55/tonne cfr Qingdao for the first time since October, according to the Kallanish price index. The current value is close to the lowest level since July 2016.

This year’s price graph is a cause for concern, due to ...