Iran’s steel exports are on a downward trajectory after re-imposition of sanctions
Thursday, 20 December 2018
Iranian steel exports have started plummeting since the US reinstated sanctions. The EU has already imposed anti-dumping duties on some of the Iranian steel. According to Iran Steel Producers Association, Iran produced 14.24 million tonnes of steel with an increase of 10% in the first eight months of current Iranian year started from 21st of
- Published in Steel
New Zealand bans Huawei from 5G roll-out
Thursday, 13 December 2018
New Zealand’s national security agency Government Communications Security Bureau (GCSB) bans Spark NZ (New Zealand Telecommunication Company) from using China’s Huawei equipment and services in its new 5G roll-out. The agency considered Huawei equipment and services as a security risk to its country. Huawei and Spark have been in partnership for approximately four years under
- Published in Telecom
Global Ride Hailing Market 2018-2025
Thursday, 22 November 2018
The ride-hailing industry has decades’ long history though substantially supported by recent technology advancements, increasing use of smartphones and urbanisation. Since the start of e-hailing, pioneered by Uber, various ride-hailing companies such as Lyft, Didi Chuxing and Ola entered the market and started disrupting the transportation industry. The market is now getting more tractions as
- Published in Automotive
Tata Steel to offload its electrical steel production plant before its merger with ThyssenKrupp
Wednesday, 21 November 2018
Tata steel pursues to sell its electrical steel plant before its merger with ThyssenKrupp to address concerned expressed by the European Commission (EU). The company is trying to sell its non-core assets before the merger, for which the company announced its plan earlier this year for the divestments of some manufacturing facilities including Cogent, its
- Published in Steel
Huawei and CTR to complete Chilean undersea cable project by Q3 2019
Wednesday, 21 November 2018
Huawei and CTR (Computing-Tabulating-Recording Company) become partners for deploying submarine cable in the Fiber Optic Austral (FOA) project. This will connect the three southern regions in Chile known as Las Lagos, Aysén and Magallanes. In March 2018, the Chilean government announced the investment by connecting these regions for which Huawei and CTR agreed. Huawei is
- Published in Telecom
The US steelmakers are benefiting from protectionist through price hikes but others suffer
Thursday, 08 November 2018
The US president Mr Donald Trump said that the US Steel industry is flourishing on the back of his policies. He mentioned some major steel producers such as US Steel are now performing better and planning to add more production capacity. Indeed, the financial position of steel producers in the US is getting better due
- Published in Steel
Italian 5G tender closes at € 6.55 billion
Friday, 05 October 2018
After 14 days of the competitive bidding process, Italy’s Ministry of Economic Development announced the completion of its national 5G spectrum tender. The bidding reached €6.55 billion which was € 4 billion more than its minimum reserved price of €2.5 billion. The range of bands in which the spectrums have been offered included 694-790MHz, 26.5-27.5GHz
- Published in Telecom
Opportunity Assessment of Blockchain Technology in the Automotive Industry
Wednesday, 03 October 2018
Based on distributed ledger system, blockchain is a new and emerging technology which is ready to play its role in the automotive industry through its various applications. The technology is shifting control from the central operating system to end users. It is considered a secure mechanism for performing transactions with intermediaries gets eliminated. Decentralisation is
- Published in Automotive
Blockchain technology can make the automotive industry more safe and secure
Friday, 28 September 2018
Blockchain technology ensures transparency by providing a decentralised and incorruptible open digital ledger system, which is almost impossible to hack. It can go beyond just registering financial transactions and can be used for various purposes. Blockchain technology is at its preliminary development stage and has enormous potential for applying across various industries including finance, energy
- Published in Automotive
India to impose import duties on steel
Friday, 21 September 2018
India contemplates increasing duty on steel imports to improve its trade balance and support the rupee. The government proposes import duties on certain types of steel up to 15% from the current range of 5-12.5%. Apart from reducing the trade deficit and stabilising its currency, the safeguard measures would also protect domestic steel producers. Indian
- Published in Steel