Chinese steel supply rises but demand struggles

Chinese steel supply rises but demand struggles

Hubei province, where Wuhan is located, is one of the key steel production hubs in China. The coronavirus was first reported in Wuhan in December 2019. The city became the epicentre of the outbreak, though there are now zero new cases reported. The lockdown in Hubei has now been eased after two months of the
Coronavirus Impact on the global steel market

Coronavirus: Impact on the global steel market

Commodity Inside expects that the downward trend in steel prices seen in Asia is due to continue, as economic disruptions increases in various other markets. Furthermore, we expect the number of coronavirus cases to increase in Brazil and the US, which implies that the steel market is going to have both supply and demand been
Steel prices to suffer from coronavirus

Steel prices to continue to suffer from coronavirus

Steel prices have been on the downward trajectory in major markets around the world due to coronavirus disease 2019 (COVID-19). Steel prices started showing some resurgence in China but were short-lived. The overall Chinese market has started to improve, but it is still far away from where it should be. In Asia, steel trading is
Seamless Tubes and Pipes Demand by Region

Seamless Steel Pipes

As the name suggests, seamless steel pipes have no seams or welded joints. There are no weaker or stress concentration areas in seamless pipes due to the absence of seam or welds. So the seamless pipes have better and uniform mechanical properties along the cross-sectional axis. But producing a pipe without seam or weld increases
Welded Pipes Demand by Region

Welded Steel Pipes Market

Welded pipes are produced by shaping flat steel (steel plate or steel sheet) to cylindrical shapes through mechanical pressure and then the seam is joined through welding. Quarto plate ( which is also known as reversing mill plate) is largely used in the industry for the production of welded pipes. Moreover, hot-rolled coils are also
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Malaysia imposes anti-dumping duty on cold rolled steel from China, Japan, South Korea and Vietnam

Malaysia’ International Trade and Industry Ministry (Miti) has just announced to impose anti-dumping duties on companies from four countries. Malaysia slapped duties on its imports of cold-rolled coils (CRC) of iron or non-alloy steel, particularly with more than 1,300mm, from China, Japan, South Korea and Vietnam. The duties will be effective for five years, from
Rare Earths Applications in Magnets

Rare Earths Applications in Magnets

What is a magnet? Magnet is the main component in electrical products that produce a magnetic field. A magnetic field is invisible but is responsible for a force that pulls on other ferromagnetic materials, such as iron, and attracts or repels other magnets. Rare Earths and their applications in Magnets  The magnets sector is the
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Coated Steel Market Overview

Coated steel Market

Coated Steel- an Introduction  When the steel surface is coated with an additional layer of organic or metallic materials to protect from rusting, is called coated steel. Usually, a coating layer is added to flat steel when they are in a coil form. Coated steel can be categorised into three broad categories: metallic coated steel,
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Trump announces tariffs against Brazilian steel_Commodity Inside

Trump announces tariffs against Brazilian steel

Trump reinstates tariffs on Brazilian steel Once again, President Trump has rippled a wave of uncertainty across the steel market. He announced, via Twitter, to reinstate the US tariffs on steel imports from Brazil and Argentina with immediate effect. While Argentina is not an important exporter of steel to the US, Brazil has been the
Wireless Electric Vehicle Charging (WEVC) Market Developments

Wireless Electric Vehicle Charging (WEVC) Technology Developments

The wireless electric vehicle charging (WEVC) is a fast emerging advanced technology in the electric vehicle market. Charging cables is an efficient way to charge electric vehicles compared to wireless charging. However, given the upcoming growth in autonomous vehicles, smart homes and cities, wireless charging will be an ideal way of charging electric vehicles. WEVC
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