Kallanish Steel Weekly
Crude steel production in the 64 countries reporting to the World Steel Association (worldsteel) rose 5.8% on-year in December to 160.86 million tonnes, slowing slightly from November growth.
Output in 2020 was nevertheless still down -0.9% on-year to 1.83 billion tonnes, although this was a far more moderate drop than …
The downturn in scrap prices which started in the Turkish market during the second week of January is beginning to have a direct impact on steel prices globally. While it is too soon to say whether a long downward trend has started or if the current correction is merely temporary, …
Last week was marked by the first real downward correction of Turkish scrap prices since the rally started last year in October. According to the Kallanish index, HMS 1/2 80:20 settled at the end of last week at $460/tonne cfr Turkey, down over $20/t from its peak the week earlier. …
The global stainless steel market is enjoying a similar rally to that seen by carbon steel, supported by tight supply and record levels for raw materials.
CHINA
China's stainless steel market and futures prices increased last week. At the same time, nickel futures on the London Metal Exchange also hit …
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous