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Kallanish Kallanish

Knowledge matters Knowledge matters

December, 5th 2019

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Weekly Steel

Issue23-19 11 Jun 2019

Kallanish Steel Weekly: Slowing production/consumption growth and costly coal seen hampering Indian

Indian steelmakers’ performance is likely to be hampered in the first fiscal quarter through June by slowing domestic steel consumption growth and elevated coking coal prices, according to Indian credit rating agency ICRA.

India is the second-largest crude steel producing country in the world. During the first four months of ...

Issue22-19 04 Jun 2019

Kallanish Steel Weekly: Global steel output continues to rise but iron ore corrects

Global steel output from the 64 countries reporting to worldsteel rose 6.4% on-year in April to 156.7 million tonnes. This was driven by a 12.7% surge in Chinese output to 85mt, according to the latest data from the World Steel Association.

Indian production increased 1.5% to ...

Issue21-19 28 May 2019

Kallanish Steel Weekly: US tariffs reduction not seen resetting Turkish exports

The reduction by the US of Section 232 tariff on Turkish steel to 25% will not see Turkish exports to the US return to previous tonnages, according to the Turkish Steel Exporters’ Association (CIB). It does however see this as a positive development, the CIB says.

Besides reducing the tariff ...

Issue20-19 21 May 2019

Kallanish Steel Weekly: What will be the effects of the relaxation of US steel tariffs?

Last week the market was dominated by the news that US authorities have decided to relax the existing steel tariffs on some of its principal external steel suppliers - Turkey, Mexico and Canada.

This happened as US trade tensions with China worsened, confirming that some uncertainty remains in the global trade ...