China closes excess capacity, but diminishing demand will undermine the efforts

China is going to close its outdated steel capacity which will bring the country total steel capacity below one billion tonnes by 2025, according to China Iron and Steel Association (CISA). Commodity Inside understands that this is in line with the country efforts on improving environmental conditions as well with the current Sino-US trade tensions.
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Apple increases its fleet of autonomous cars for open roads tests

Apple has recently added a further 28 autonomous test cars. It has now 83 autonomous test cars in California, according to the state’s Department of Motor Vehicles (DMV). The company is now well ahead of traditional players such as Waymo with 51 cars, Tesla with 39 cars, and Drive.ai with 14 cars. Commodity Inside understands
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A round-up of the flat steel market in South East and South Asia

In Southeast Asia, slab prices edged down early this month due to low demand and plentiful supply. Demand in the region is set to remain weak in the short term due to the uncertainty caused after 25% tariff on the US imports which affected various markets, particularly Asia. Meanwhile, demand in Malaysia and Indonesia remained
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European steel market remains subdued, and is trying to curb imports

Flat steel prices in Europe have softened due to high imports and inventory levels, and expected to decline in the short term due to less buying activity in the market. Buyers are in a wait and see mode as uncertainties in the European markets are looming since the US extended the exemption of 25% tariff
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Autonomous vehicles technology is developing faster, with all major automakers are in the race

Traditional automakers are currently tackling the hydra-headed problem of disruptive technologies. The almost daily emergence of new competitors has been reshaping the auto industry and making the sector more technological advanced. The zenith of all these transformations is the ‘autonomous technology’. OEMs are investing billions of dollars annually to take the leads in developing the
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Electric vehicles market has been showing robust growth despite some headwinds

The global automotive industry has been going through drastic changes. One of the fundamental changes is its shift towards electrifications. The shift is supported by both high environmental standards and generous state-supported EV adoption incentives. So far, most OEMs have introduced their EVs models, though the market has yet to prove itself in the mass
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The bioplastics market shows strength on the back of packaging sector, but feedstock may restrain demand

Plastic has become an indispensable part of our daily lives. We are using plastics made products on a daily basis. However, plastic waste is emerging a major threat for the environment, where the risk to the ocean life has been in the rise. We have seen some approaches to restrain plastics usage by applying charges
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Consumer electronics to provide renewed growth to corrugated packaging and particularly microflute

The growing online retailing has fuelled demand for electrical goods and supported demand for corrugated boxes for the shipments of these fragile goods. The consumer electronics sector has been using folding cartons, rigid boxes and corrugated packaging. More expensive and high-end devices are using rigid/set- up boxes, while folding cartons have now been replacing microflute
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Microflute to Expand Market Share in Corrugated Packaging While Making Inroads in Other Packaging Materials and End Users

Microflute is a special thin corrugated board which is used as a packaging material in applications such as primary packaging, POS display, shelf ready, multipack, Bag-in-Box, barrier treated and premium packaging. One of the key attributes of using microflutes is its cost-effectiveness as most packaging types are currently under cost-cutting pressure. Microflute also provides high-quality
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The Middle East Medium, Heavy and Jumbo Rolled Beams Market to present opportunities and challenges

The Middle Eastern economies are highly depended on oil revenue. However, for years oil prices have remained subdued which resulted in cuts in both oil production and revenue across the region. With oil prices remained at lower levels, diversification remained at the top of the agenda across the region. There is currently billions worth of
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