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
Applications of Blockchain Technology in the Energy Market
Thursday, 20 September 2018
Blockchain technology is an emerging IT-driven development supported by cryptography. The technology is considered one of the biggest transforming mechanisms expected to change the face of various industries in the coming years. Decentralisation is the main attribute behind the blockchain technology which is not only providing power to all market participants but also increasing the
- Published in Energy
Tata Steel reveals HIsarna technology to tackle environmental concerns in the steel industry
Monday, 10 September 2018
Tata Steel has introduced an environment-friendly steel production technology known as HIsarna. This technology is being tested at Tata Steel’s Ijmuiden site in the Netherlands. The current HIsarna pilot plant can produce around 60,000 tonnes of liquid iron annually. The HIsarna method is an iron manufacturing process in which liquid iron is directly produced by
- Published in Steel
E-hailing unveils a dark side of the business
Friday, 07 September 2018
The transport system is transforming which is benefiting ride-hailing the most. In addition, there are various factors which are responsible for boosting the growth in the ride-hailing market including increased comfort level, ease of access and reduced cost. The modern ride-hailing service is based on applications which require a smartphone to book a trip. Uber,
- Published in Automotive