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.
Thyssenkrupp sets hydrogen plan for its steel plant to cut emission
Wednesday, 13 January 2021
by Commodity Inside
German steelmaker Thyssenkrupp will work with Equinor, a Norway energy company and OGE, German gas transmission system operator to reduce emission from the Thyssenkrupp Steel’s Duisburg plant. The decision is taken after the trio completed their joint feasibility study which was started back in October 2019, under the project H2morrow. The partners will evaluate the
- Published in Steel
US maintains antidumping on non-oriented electrical steel
Monday, 21 December 2020
by Commodity Inside
The US carried out a five-year sunset review of anti-dumping duties on non-grain oriented electrical steel (NGOES). The AD review covered imports of NGOES from China, Germany, Japan, South Korea, Sweden and Taiwan. Upon completion of the review, the US decided to extend the existing AD duties by another five years. Similarly, it has also
- Published in Steel
Aramco and POSCO explores steel plate mill JV in Saudi Arabia
Monday, 07 December 2020
by Commodity Inside
Saudi Aramco and South Korea’s POSCO signed a deal to evaluate the potential for an integrated steel plate mill. The cooperation between the two companies implies that the steel plate mill will target the oil and gas industry. POSCO will conduct the feasibility study to determine commercial viability for the plant. Saudi Arabia has been
- Published in Steel
Hydrogen is making inroads in the steel industry
Wednesday, 02 December 2020
by Commodity Inside
Under the Biden presidency, the US is expected to play a critical role in revolutionising the global climate agenda. President-elect Joe Biden has appointed a former senator and secretary of state John Kerry as the first-ever US climate envoy. This shows that the new administration is highly committed to tackling climate issues. Mr Biden pledged
- Published in Green Metals, Steel
China Five Year Plan will support steel scrap consumption
Monday, 02 November 2020
by Commodity Inside
The fifth plenum session of the 19th Communist Party of China (CPC) central committee discusses the 14th five-year plan 2021-2025. During the meeting, the long term goals going up to 2035, were also discussed. The plan is centred on technological development and environmental goals and will be passed by the National People’s Congress in early
- Published in Steel
US slashes Q4 quota for semi-finished steel (slab and billets)
Tuesday, 08 September 2020
by Commodity Inside
When Mr Trump imposed 25% duties on steel products in 2018, Brazil swiftly secured a deal, better than any other country. Since then, Brazilian slab producers commanded better margins by piggybacking on Section 232 quota; whereas others, chiefly the CIS producers, suffered. The Trump administration tinkered with the market in a way to allow Brazilian
- Published in Steel
The shipbuilding industry in China falters
Monday, 24 August 2020
by Commodity Inside
The new vessel orders in China sank in the first seven months of this year, highlighting the underlying weak demand chiefly caused by the epidemic. The national shipbuilders secured new vessel orders proportionate to around 14 million deadweight tonnes (dwt) during January-July this year, fell by 4.8% year-year basis, according to China Association of the
- Published in Steel
Steel slab prices are on the rise
Thursday, 18 June 2020
by Commodity Inside
The impact of the coronavirus outbreak is still high in various parts of the world. In Europe, the steel market is slowly returning to normal in key countries, such as Germany, France and Italy, but it is still far from pre-pandemic levels. Moreover, Eurofer has requested a 75% cut to the import quotas to help
- Published in Steel
The global steel market is still not out of the woods
Monday, 25 May 2020
by Commodity Inside
The negative impact of the COVID-19 on the steel market is expected to continue around the world over the next three months. The number of coronavirus cases has been growing rapidly in various countries, such as the US, Russia, Brazil, Mexico and Japan. As a result, we anticipate that finished steel demand is going to
- Published in Steel
Shipbuilding and Steel Plate Market
Thursday, 30 April 2020
by Commodity Inside
Impact of coronavirus on shipbuilding The global shipbuilding industry has been in doldrums due to the falling demand caused by COVID-19. In the first quarter of 2020, global orders for new vessels declined by 70% year-on-year to nearly 2.4 million compensated gross tonnage (CGT). It is ascertained that investment in the shipbuilding industry also hit
- Published in Steel