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

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 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

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

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

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

Flat Steel Market Update Flat steel prices continued its downward trajectory and declined in almost all major markets. The recent drastic decline in steel prices was quite unexpected. The market was expecting a rebound in September which was not materialised while prices continued its slide in October. A combination of factors has driven the decline