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Kallanish Kallanish

Knowledge matters Knowledge matters

January, 20th 2020

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Weekly Steel

Issue24-19 June 18, 2019

Kallanish Steel Weekly: Iron ore hits price hits new recent-high

Last week the iron ore index published daily by Kallanish reached a new five-year record due to continued market concerns about tight supply of the seaborne product. On Thursday, KORE 62% Fe index  reached $108.23/dry metric ton cfr Qingdao, surging almost $10/tonne over four days.

This was the highest level …

Issue23-19 June 11, 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 June 4, 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 8.8mt but output in …

Issue21-19 May 28, 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 on …