The US doubles its tariffs on Turkish steel and aluminium products
Friday, 10 August 2018
Mr Trump has authorised to double tariffs on Turkish steel and aluminium exports to the US. The tariffs on aluminium are now increased from 10% to 20%, while it increased from 25% to 50% for steel. The announcement severely impacted the Turkish lira which has already been in turmoil. The currency has now plunged to
- Published in Steel
Implications of the US sanctions on the Iranian steel industry
Friday, 10 August 2018
On 6th July 2018, the US re-imposed the sanctions on Iran that have been suspended under the Joint Comprehensive Plan of Action (JCPOA) in 2015 known as Iran Nuclear Deal. The other countries that were part of the agreement are remaining committed to the deal. European countries especially the UK, Germany and France are showing
- Published in Steel
A Strategic Outlook for the Global Welded Pipe and Tube Market to 2028
Friday, 10 August 2018
The welded pipe market has been going through a challenging time. Demand has been recovering at a slow pace in major markets. There is also some uncertainty around the energy sector which is one of the largest consumers of welded pipes. Oil prices have started picking up and will further increase as more severe US
- Published in Steel
The US-China trade war will affect the autonomous vehicle industry
Friday, 10 August 2018
Trade tensions between the US and China are on the peak. The Trump administration is imposing more and more duties on Chinese materials to protect its industries from China’s unfair trade. However, despite the protectionist measures, the US may put on risks its industries mainly by increasing production costs. Initially, the tariffs were imposed on
- Published in Automotive
Chinese anti-dumping duties on stainless steel imports can impact Indonesia the most
Friday, 27 July 2018
China has opened antidumping investigations on stainless steel imports from the EU, Japan, South Korea and Indonesia as trade tensions around the globe heated up after the US implemented section 232 to impose 25% tariff on steel imports. Around 98% of the Chinese stainless steel imports are coming from these locations. The Commerce Ministry of
- Published in Steel
Telefonica, Vodafone and Orange won 5G frequency bands in Spain
Thursday, 26 July 2018
Spain awarded 5G frequencies to three companies Telefonica (operates in the mobile segment through Movistar), Vodafone and Orange through a four days bidding process. The auction raised more than €437 million ($509.5 million). The total bid was for 200 MHz of 5G spectrum in which the maximum band limit to a single operator was set
- Published in Telecom
Apple still likely to be building its autonomous vehicle
Thursday, 26 July 2018
Apple is alleged to be secretly building its autonomous car. However, the company has never officially confirmed its ambition of developing the autonomous vehicle. Apple’s work on developing driverless technology is publicly well known as the company signed partnership deals with various automakers for launching its autonomous vehicle technology. Back in 2015, it was expected
- Published in Automotive
Fluorine-based electrolyte can improve capacity and stability of rechargeable batteries
Monday, 23 July 2018
Rechargeable batteries are pivotal to the success of many disruptive technologies, particularly for electric vehicles and energy storage system. However, capacity, stability and range anxiety remained some critical issues. In rechargeable batteries, materials like lithium-ion anode, nickel and high voltage cathode materials can cause instability. A group of researchers at the University of Maryland (UMD),
- Published in Energy
Blockchain to increase efficiency and transparency in the energy sector
Friday, 20 July 2018
Blockchain is helping to shift transactions and data management towards a decentralised ledger system to improve efficiency and transparency. The blockchain technology is expected to support the energy sector in the wake of revolutionising change from conventional energy towards renewable sources. According to the Governor of the Bank of Thailand, Veerathai Santiprabhob, the use of
- Published in Energy
EU takes further initiatives to curb steel imports with implications for intra company trade
Wednesday, 18 July 2018
European Commission has imposed provisional safeguard measures on imports of 23 steel products categories for a maximum of 200 days. Tariffs of 25% will come into force once the steel imports exceed the average of imports over the last three years. The EU safeguard measures have been taken in response to the 25% import duties
- Published in Steel