Tool Steel Industry: A Quick Roundup
Tuesday, 23 April 2019
Tool Steel Industry: General Market Overview, Types, Key Players, Prices and Applications Introduction Tool steel is a type of alloy and carbon steel which is produced by using a special composition of various raw materials and carbon content. Tool steel, as the name suggests, is used to make tools, which are used for various purpose
- Published in Steel
Iraq steel market will benefit from the reconstruction activities
Monday, 15 April 2019
Overview of the Iraq Steel Market The Rebuilding of Iraq The seven provinces which remained under ISIS (Islamic State of Iraq and Syria), went through the most destruction. Besides infrastructure, both residential and commercial buildings were damaged while millions of people fled the regions. The reconstruction activities have already started in the affected areas since
- Published in Steel
Apple 5G iPhone is lagging behind rivals due to 5G modem
Tuesday, 09 April 2019
Apple seems struggling with its 5G iPhone launching as the 5G modem is not going to be ready soon. Due to a legal dispute with Qualcomm over patent royalties, Apple has moved to Intel 5G modem, known as, XMM 8160 5G modem. However, the deadline for the supply of modem is set for 2020. There
- Published in Telecom
Canadian trade watchdog recommends ceasing steel tariffs
Monday, 08 April 2019
Canada imposed tariffs on seven steel products including rebar, OCTG, HRC, PPGI, stainless steel wire and wire rod last year. It aimed to stop the redirected flow of these materials from the US after the imposition of Section 232 tariffs. However, the Canadian trade watchdog Canadian International Trade Tribunal (CITT) has recommended that the government
- Published in Steel
IoT, Blockchain and 5G: Nuts and bolts of converging technologies
Tuesday, 02 April 2019
IoT (internet of things) IoT (internet of things) was introduced in 1990 by John Romkey, who invented the first toaster which was able to turn on and off over the internet. From that time IoT has started evolving with steady development. In today’s world, there are a lot of smart devices which are used for
- Published in Telecom
Turkish steel industry is in the doldrums
Tuesday, 02 April 2019
The Turkish steel industry has been stormed by political and economic policies implications Turkey is the eighth largest steel producer and the 10th largest exporter in the world. Turkish crude steel production decreased by 12.5% year-on-year in February 2019, and reached 2.64 million tonnes, according to the Turkish Steel Producers Association (TCUD). The production was
- Published in Steel
Steel slab prices direction impacted by CSN, Gerdau, NLMK and Vale
Friday, 22 March 2019
Slab prices are not fully out of the woods Slab prices direction has been changing for a while now. Despite relatively low demand in the Asian markets and high stock in the US, slab prices once again took a different path in a direction away from where market fundamentals were supposed to be heading. So
- Published in Steel
Automotive industry seeks high profits and sales growth
Monday, 11 March 2019
Automotive industry profits and sales are affected by key global events Most major global automakers have announced some plant closures and relocations recently. Most of the shifts are expected to be around North America. With the fear of falling automotive industry profits companies are relocating their businesses. In the US, General Motors (GM) is closing
- Published in Automotive
Trump tariffs are getting relaxed for the steel market
Friday, 01 March 2019
Steel tariffs are impacting steel prices It all started with a tough stance of shielding the US steel industry with a 25% tariffs on the US steel imports. It was tough enough that most US steel mills rushed to replenish their stocks which resulted in sending the US steel prices to its zenith. Overwhelming
- Published in Steel
Indian stainless steel imports from Indonesia soared
Friday, 01 March 2019
A recent development in the Indian stainless steel imports The recent upsurge in stainless steel capacity in Indonesia, mainly by the Chinese stainless steel manufacturers, resulted in rising in Indian stainless steel imports. The Indian Stainless Steel Development Association has already asked the government to impose anti-dumping duties on imports of stainless steel flat products
- Published in Steel