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.
Egypt Steel Industry
Tuesday, 07 May 2019
Egypt Steel Market (tariffs, production, prices and demand) Egypt Imposed Tariffs Egypt imposed tariffs on rebar and billet in mid-April which was under consideration for a few months. The import tariffs are now set between 3% and 15% for billets and 25% for rebar. Started from 15th April, tariffs would be effective for the next
- Published in Steel
Rail steel Industry in India to see robust growth
Monday, 29 April 2019
Steel Rail Overview India’s Jindal Steel and Power Ltd (JSPL) completed its first ever domestic order of 100k tonnes of rail steel for Indian railways this year. JSPL is the only private rail steel producer in India. Previously, SAIL was the sole supplier to Indian railways and produced around 0.98 million tonnes of rail steel
- Published in Steel
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
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
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
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
Why SpaceX preferred stainless steel 300 over lightweight materials?
Friday, 01 March 2019
Why was stainless steel 300 series used in Starship? SpaceX, a US-based private aerospace manufacturer and space transportation services company, has used stainless steel 300 series in its new Starship. There are other relatively lighter materials such as aluminium and carbon fibre which could be substituted. However, SpaceX opted for stainless steel for various reasons
- Published in Steel