NLMK needs to resolve its slab supply-demand imbalances

NLMK needs to resolve its slab supply-demand imbalances

Novolipetsk Steel (NLMK) is one of the major steel companies which have been most severely impacted by Mr Trump protectionists’ measures. Prior to the imposition of Section 232, NLMK was supplying around 2 million tonnes/year of slabs to its US subsidiary from Russia. Initially, the imposition of 25% duty was affordable for NLMK, owing to
Electrical steel market to benefit from growth in electric vehicle production

Electrical steel market to benefit from growth in electric vehicle production

Electric Vehicles (EV) are set to play a pivotal role in tackling the energy and environmental issues in the transport sector. Automakers are being pushed to develop energy efficient and reliable alternatives in the form of electric vehicles and fuel cell vehicles. So far, electric vehicle sales are growing faster, though from a low base.
Vale and CCCC to build a flat steel rolling mill in Brazil, though slab supply still undetermined

Vale and CCCC to build a flat steel mill, though slab supply undetermined

Vale, the world largest iron ore producer, and China Communications Construction Co. (CCCC), a state-owned engineering and construction company to partner for building a 300,000 tonnes/year flat steel mill in the northern Brazilian state of Para. The memorandum of understanding (MoU) has now been signed between Concremat, Vale and the state government of Pará. Vale
Air Conditioners Market

Air Conditioner Market

Air conditioner market: Overview, technology, suppliers, regional analysis   Air Conditioner Market- an Overview Due to the rising environmental concerns, governments around the world are implementing strict manufacturing standards for consumer appliances and particularly for air conditioning systems. In recent years, demand for air conditioners grew due to various factors, prominently due to changes in weather
Egypt Steel Market

Egypt Steel Industry

Egypt Steel Market (tariffs, production, prices and demand) Egypt Imposed Tariffs Egypt imposed tariffs on rebar and billet in mid-April which was under consideration for a few months. The import tariffs are now set between 3% and 15% for billets and 25% for rebar. Started from 15th April, tariffs would be effective for the next
Solar energy is making inroads as costs falling

Solar energy is making inroads in developing countries as costs falling

Solar panel installations have shown remarkable growth recently due to its potential of becoming a more cost-effective option compared to the conventional power sources. Solar power provides a better alternative to reduce fossil fuel consumption and consequently save on energy costs. The rising fossil fuel prices, abundant solar resource, lack of power infrastructure in remote
Indian steel rail market

Rail steel Industry in India to see robust growth

Steel Rail Overview India’s Jindal Steel and Power Ltd (JSPL) completed its first ever domestic order of 100k tonnes of rail steel for Indian railways this year. JSPL is the only private rail steel producer in India. Previously, SAIL was the sole supplier to Indian railways and produced around 0.98 million tonnes of rail steel
5G Deployment Tracker

5G Deployment Tracker: Deployments Progress Around the World

Deployment Progress The 5G deployments have been getting tractions around the world. Various emerging technologies such as V2X, IoT, blockchain, autonomous technology are going to be dependent on 5G technology and eagerly waiting for the infrastructure to be deployed. So far, the development of 5G infrastructure has been progressing with a fast pace in key
Tool Steel Industry A Quick Roundup

Tool Steel Industry: A Quick Roundup

Tool Steel Industry: General Market Overview, Types, Key Players, Prices and Applications   Introduction Tool steel is a type of alloy and carbon steel which is produced by using a special composition of various raw materials and carbon content. Tool steel, as the name suggests, is used to make tools, which are used for various purpose
Iraq steel market will benefit from the reconstruction activities

Iraq steel market will benefit from the reconstruction activities

Overview of the Iraq Steel Market The Rebuilding of Iraq The seven provinces which remained under ISIS (Islamic State of Iraq and Syria), went through the most destruction. Besides infrastructure, both residential and commercial buildings were damaged while millions of people fled the regions. The reconstruction activities have already started in the affected areas since
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