Kallanish Commodities

20/10/2025

China's real estate investment saw a seasonal rebound in September, but the year-on-year decline accelerated further, reaching a 21-month low, according to the monthly report by the National Bureau of Statistics (NBS).

Read more in today's news: https://www.kallanish.com/en/news/steel/market-reports/article-details/chinas-property-investment-decline-hits-21-month-low-1025/

20/10/2025

🌍 Hydrogen Market Briefing | 20 Oct 2025

This week’s feature article: Hydrogen blending faces an uncertain future in the US
As debate grows around cost, safety, and

decarbonisation potential, we explore the prospects for hydrogen blending, primarily targeting heating.

Also in this issue:

⚡ Key project updates and global news
📊 Hydrogen price indices snapshot
📑 Latest KIS Hydrogen Reports

Stay informed on the trends shaping the hydrogen economy: https://www.kallanish.com/en/news/hydrogen/market-reports/article-details/hydrogen-blending-faces-uncertain-future-in-the-us-1025/

17/10/2025

16/10/2025

Session 6 Takeaway: Pricing Outlook & Conclusions
Flat steel prices face pressure from easing raw material costs, record Chinese exports, rising trade cases, CBAM implementation, and continued slow economic growth. The session wrapped up the day by synthesizing insights on global market trends and the key challenges shaping the steel industry.

💡 Moderator: Ian ROPER, Kallanish Consulting Services
🎤 Speakers: Yasin KANBUR, Hangzhou CIEC International
Steven Vercammen, McKinsey & Company
Mario Borsese, Trasteel International
Jérôme Waterkeyn, SteelForce Group

16/10/2025

Session 5 Takeaway: End-User Industries Outlook
Steel demand has been soft due to slow end-user activity, high interest rates, geopolitical uncertainty, and strong Chinese competition, particularly in EVs. While India shows growth, subdued spending in the EU and US continues to weigh on the market.

The session covered sector-specific demand trends, impacts of Chinese competition and supply chain disruptions on automotive output, potential trade defence measures, sustainability-driven procurement, and opportunities from rising defence spending.

💡 Moderator: Tomas Gutierrez, Kallanish Commodities
🎤 Speakers: Alessandro Sciamarelli, The European Steel Association (EUROFER)
Gonca YÜCEL Kılıç, Beko
Pelin Arkan,

16/10/2025

UK-listed developer has confirmed it is moving its project to the due to better support prospects, Kallanish reports.

The Saltend refinery was planned with a production capacity of 12,500 tonnes/year of rare earth products, including 4,500-5,000 t/y of neodymium and praseodymium (NdPr) oxides. It would process feedstock mined at its Longonjo mine in Angola. Commercial operation was expected in 2024.

Read more on Kallanish news👇
https://www.kallanish.com/en/news/battery-materials/market-reports/article-details/pensana-moves-uk-rare-earth-refinery-plan-to-us-1025/

16/10/2025

Session 4 Takeaway: Flat Steel Trade & Supply Chains
Overcapacity and weak demand have pushed Chinese steel exports to record highs, displacing regional production and intensifying global trade tensions. A surge in trade cases, ongoing US tariffs, and the erosion of WTO-led rules are reshaping trade flows.

The session discussed how importers are adapting to new trade barriers, the growing use of “melted and poured” clauses, China’s circumvention risks, the impact of CBAM on EU imports, and how US policies are driving trade diversion.

💡 Moderator: Paul Mullins, Kallanish Commodities
🎤 Speakers: Tommaso Sandrini, EUROMETAL
Genco Bolaca, Galex Steel International
Jaap Jan Aardenburg, Tata Steel Nederland

16/10/2025

Saudi Arabia’s steel industry is positioning itself to meet surging domestic demand and strengthen supply chain resilience through strategic expansions, alignment with national programmes, and localisation initiatives...

Read more in today's news: https://www.kallanish.com/en/news/steel/market-reports/article-details/saudi-steel-demand-growth-and-strategies-conference-1025/

16/10/2025

Session 3 Takeaway: Flat Steel Technology & Diversification Amid Decarbonisation
The path to low-carbon steel is driving massive investment in new technologies, from EAFs and DRI to hydrogen-based solutions. Equipment suppliers are adapting fast, but questions remain around whether flat steel made via DRI-EAF routes can match blast furnace quality. Access to high-grade ore and scrap will be key.

The session explored advances in hydrogen-ready technologies, EAF quality potential, scrap processing, thin slab casting, and the evolving partnerships between steelmakers and technology suppliers.

💡 Moderator: Paul Mullins, Kallanish Commodities
🎤 Speakers: Sgro', Danieli Green Metal
David Busstra,
Dr. Umut Turunc, SMR GmbH
Gilles Mirol,

16/10/2025

Session 2 Takeaway: Raw Materials Sourcing
With iron ore quality declining and high-grade scrap in short supply, steelmakers are rethinking sourcing strategies. Resource nationalism, energy price volatility, and rising sustainability expectations are reshaping procurement decisions.

The session covered how mills are addressing ore quality issues, increasing use of scrap and ore-based metallics, securing energy supply, and integrating sustainability into raw material sourcing.

💡 Moderator: Burçak Odabaşı Alpman, Kallanish Commodities
🎤 Speakers: Ian ROPER, Kallanish Consulting Services
David Giheung Kang, Tokyo Steel
Diedrik Tas,

16/10/2025

🌍 Global Flat Steel 2025 kicks off!

Session 1: Keynote Takeaway: Global Steel Trends in an Era of Unpredictability
Global steel demand is slowing while overcapacity rises, driven by new high-emission investments in Asia. Record Chinese exports and US tariffs are reshaping trade flows, as geopolitical fragmentation challenges global cooperation. At the same time, the industry faces mounting pressure, and cost to decarbonise.

The session explored the macroeconomic outlook, trade disruptions, and how steelmakers are responding to CBAM and new regional demand trends.

💡 Moderator: Tomas Gutierrez, Kallanish Commodities
🎤 Speakers: Stanislav Zinchenko,
Metin Tayfun Iseri,
Selçuk Yılmaz,

15/10/2025

Indian steel export strategy pivots amid CBAM, quota uncertainty
India’s steel exporters are recalibrating trade strategies amid evolving global policy frameworks and weakening European demand. Uncertainty surrounding the EU’s Carbon Border Adjustment Mechanism (CBAM) benchmarks and the European Commission’s (EC) recently proposed safeguard quota measures continues to cloud the trade outlook.

At the same time, Brussels and New Delhi are deepening policy coordination to align India’s emerging carbon market with EU standards. A move that market sources say could eventually soften CBAM’s financial impact on Indian exporters.

Read full report here 👉 https://www.kallanish.com/en/steel-intelligence/india/details/1588/