Commodity Inside steel insight articles provides a thematic analysis steel news covering key developments in the steel industry related to steel demand, stainless steel market, steel production, steel trade, steel prices, steel capacity, steel blockchain, steel M&A etc.
US tariffs on steel imports will distort the steel market globally
Thursday, 22 March 2018
by Commodity Inside
The 25% tariff on steel imports announced by the US President on March 8th and is due to be implemented from March 23rd has already provoked reactions in the US and elsewhere. There has been opposition from both the opposition and GOP against this move due to concerns that it could end up harming US
- Published in Steel
The US tariffs and its impact on slab trade
Friday, 09 March 2018
by Commodity Inside
Donald Trump has now signed an order to impose import tariffs of 25% on steel and 10% aluminium arguing that the US has been suffering from “unfair trade” and the move would help the US metal industry. The tariffs will be effective in 15 days. However, Canada and Mexico have been exempted temporarily, whilst the
- Published in Steel
Flat steel market remained quite in major markets in February
Thursday, 01 March 2018
by Commodity Inside
Due to the Chinese New Year and subdued end-users demand, the steel market has remained quiet in China, with much less price variation in February compared to the preceding month. Some buyers have been following the wait-to-see approach and drawing on inventories before the festival season. In fact, some producers had already stopped the production
- Published in Steel
A quick overview of the global flat steel market
Monday, 05 February 2018
by Commodity Inside
Current Market Conditions: Flat steel prices increase in most markets After almost five months of the price hike, flat steel prices decreased through most of January in China. As the winter goes by, some of the end user demand cools down, but stocks at distribution centres are still high. Moreover, ahead of the upcoming Chinese
- Published in Steel
Stability in China and firm demand in most markets
Tuesday, 05 December 2017
by Commodity Inside
Chinese prices have finally started to change direction, heading south this month, though lower supply and relatively firm demand (especially from the automotive sector) have prevented large falls. In fact, HRC export prices dropped by USD 10/t. Although small, the price decline was enough to influence other markets, such as Brazil and Russia. However, domestic
- Published in Automotive, Steel
OBOR and the railway infrastructure market
Tuesday, 14 November 2017
by Commodity Inside
The One Belt, One Road (OBOR) is the Chinese government global initiative to connect China with rest of the world through roads, railways, ports and gas pipelines. With the enormous potential investment of $900 billion, the project was initiated in 2013 by the Chinese President Xi Jinping, and is considered the most massive overseas investment
- Published in Construction, Steel
China’s impact continues around the world
Friday, 08 September 2017
by Commodity Inside
China has proven once again that it has a global impact on the steel market. The recent surge in steel prices in China had a knock on effect on every corner of the world, including markets where demand fundamentals did not justify a price increase. In the past few years, the Chinese central government has
- Published in Steel
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One Belt, One Road — the main beneficiary
Thursday, 08 June 2017
by Commodity Inside
In 2013, China’s president, Xi Jinping, proposed the ’One Belt One Road (OBOR) initiative, to create the world’s largest platform for trade and economic development. The State Council authorised the plan in 2015 comprising two components, the silk road economic belt and the maritime silk road, creating a network of roads, railways and waterways. The
- Published in Construction, Steel
CPEC is set to revive construction and infrastructure market in Pakistan
Thursday, 11 May 2017
by Commodity Inside
China-Pakistan Economic Corridor (CPEC) is around 3,000 km long trade route from Pakistan’s Gwadar Port to Kashgar city in northwestern China’s Xinjiang Uygur autonomous region. The route is comprised of a raft of mega construction and infrastructure projects set to be completed by 2030. The Chinese government promised to finance CPEC with $46 billion investment,
- Published in Construction, Steel
The global metal packaging industry- an overview
Wednesday, 13 July 2016
by Commodity Inside
The global metal packaging industry has shown some signs of revivals as aluminium premium and tinplate prices have softened, though the market has still not been fully out of doldrums. Matured metal packaging markets exhibited stable growths at low levels, while emerging markets benefited from swift shifts towards the high-growth plateau. However, some of these