Calls for circumvention duties on electrical steel (GOES) imports from Canada and Mexico
Friday, 17 April 2020
by Commodity Inside
Electrical steel needs protections from imported materials, a bipartisan group of lawmakers on Wednesday urged President Trump in a letter sent on 15th April 2020. The letter was signed by two dozen members of Congress, many from Ohio and Pennsylvania. Both states are home to AK Steel, currently the sole producer of electrical steel. The
- Published in Steel
Recent developments in the automotive industry
Thursday, 16 April 2020
by Commodity Inside
Like many other industries, coronavirus (COVID-19) has also affected the automotive sector. The auto supply chain has been disrupted as production halted and people are confined to home. Auto sales have been on a downward trajectory for some time. Last year, sales declined by around 4.2% year-on-year and it was expected that sales would recover
- Published in Automotive
The EU imposes duties on stainless steel
Monday, 13 April 2020
by Commodity Inside
The EU imposed anti-dumping duties on imports of hot-rolled stainless steel from Taiwan, Indonesia and China, it announced on 7th April 2020. The duties are 6 to 7.5% on imports from Taiwan, 17% on imports from Indonesia and 14.5 to 18.9% on imports from China. The tariffs would initially be in force for six months
- Published in Steel
Chinese steel supply rises but demand struggles
Monday, 30 March 2020
by Commodity Inside
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
- Published in Steel
Coronavirus: Impact on the global steel market
Monday, 23 March 2020
by Commodity Inside
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
- Published in Steel
Steel prices to continue to suffer from coronavirus
Monday, 16 March 2020
by Commodity Inside
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
- Published in Steel
Seamless Steel Pipes
Thursday, 30 January 2020
by Commodity Inside
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
- Published in Steel
Welded Steel Pipes Market
Wednesday, 22 January 2020
by Commodity Inside
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
- Published in Steel
Tagged under:
pipes and tubes
Malaysia imposes anti-dumping duty on cold rolled steel from China, Japan, South Korea and Vietnam
Thursday, 26 December 2019
by Commodity Inside
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
- Published in Steel
Rare Earths Applications in Magnets
Monday, 16 December 2019
by Commodity Inside
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
- Published in Steel
Tagged under:
rare earths