Cookie & Privacy Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. View the privacy policy to find out more here.
Latest prices

Latest news

Home Reports Weekly Steel

Kallanish Steel Weekly: India fails to prevent global output decline

Kallanish Steel Weekly: India fails to prevent global output decline (June 27, 2023)

Sample files

The global steel production decline deepened in May to 5.1% on-year, giving 161,594 tonnes, with only India, the Middle East and Africa registering significant growth, according to worldsteel data.

Chinese output dropped 7.3% to 90.1mt, while Japan and South Korea saw production fall 5% and 0.1% respectively to 7.65mt and 5.8mt. India, so often the lone bright spot in recent months, again provided rarely-seen growth impetus in May, with production rising 4% to 11.17mt.

Japanese and South Korean output did however rebound versus April.

» Login to read the full report or sign up for a trial.

Latest prices

+/-
Billet / CIS-Black Sea FOB USD/t 0.0%
HRC / China FOB USD/t 0.0%
Wire Rod / Turkey FOB USD/t 0.0%
KORE 62% Fe / Qingdao CFR USD/t -0.74%
Coking Coal Freight / Queensland (Aus)-Vizag (India) / USD/t (SSY) -0.27%
Heavy Scrap / China / CNY/t 0.0%
CRC / Japan FOB USD/t 0.0%
Angle Bar / Turkey FOB USD/t -0.0%
More Ferrous prices

More Global Prices

+/-
H2 Scrap / Japan Domestic Delivered Basis JPY/t 0.0%
Coking Coal Freight / Queensland (AUS)-Qingdao (CHN) / USD/t (SSY) -17.42%
Plate (low grade) / Japan FOB USD/t 0.0%
Iron Ore Freight / W.Aus-Qingdao (CHN) / USD/t (SSY) -16.81%
Iron Ore Freight / Saldanha (RSA)-Qingdao (CHN) / USD/t (SSY) -3.57%
KORE 58% Fe / Qingdao CFR USD/t -0.58%
HMS 1&2 80:20 / Turkey CFR USD/t -0.0%
KORE 65% Fe / Qingdao CFR USD/t -0.57%
Scrap / China / cfr / $/t 0.0%
Billet / Tangshan Ex-Works CNY/t -0.0%
Rebar / N Europe Ex-Works EUR/t 0.0%
Slab / Japan FOB USD/t 0.0%
More Ferrous prices