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.
China to get tougher on new steel capacity additions in 2019
Monday, 14 January 2019
The Chinese minister of industry and information technology revealed to a local news agency that the government is going to ban new steel expansion projects in 2019. China also continued its ban on the cement and glass industry capacity expansions due to the overcapacity issues. The environmental issue is also a fundamental cause behind the
- Published in Steel
Chinese steel consumption is expected to rise in 2019
Thursday, 03 January 2019
Steel demand in China is set to increase on the back of newly approved policies in support of its construction sector. The new policies would cut taxes, improve the funding for local governments and boost up the infrastructure building and housing projects in 2019. The proposal of new economic actions has already been approved by
- Published in Steel
Iran’s steel exports are on a downward trajectory after re-imposition of sanctions
Thursday, 20 December 2018
Iranian steel exports have started plummeting since the US reinstated sanctions. The EU has already imposed anti-dumping duties on some of the Iranian steel. According to Iran Steel Producers Association, Iran produced 14.24 million tonnes of steel with an increase of 10% in the first eight months of current Iranian year started from 21st of
- Published in Steel
Tata Steel to offload its electrical steel production plant before its merger with ThyssenKrupp
Wednesday, 21 November 2018
Tata steel pursues to sell its electrical steel plant before its merger with ThyssenKrupp to address concerned expressed by the European Commission (EU). The company is trying to sell its non-core assets before the merger, for which the company announced its plan earlier this year for the divestments of some manufacturing facilities including Cogent, its
- Published in Steel
The US steelmakers are benefiting from protectionist through price hikes but others suffer
Thursday, 08 November 2018
The US president Mr Donald Trump said that the US Steel industry is flourishing on the back of his policies. He mentioned some major steel producers such as US Steel are now performing better and planning to add more production capacity. Indeed, the financial position of steel producers in the US is getting better due
- Published in Steel
India to impose import duties on steel
Friday, 21 September 2018
India contemplates increasing duty on steel imports to improve its trade balance and support the rupee. The government proposes import duties on certain types of steel up to 15% from the current range of 5-12.5%. Apart from reducing the trade deficit and stabilising its currency, the safeguard measures would also protect domestic steel producers. Indian
- Published in Steel
Tata Steel reveals HIsarna technology to tackle environmental concerns in the steel industry
Monday, 10 September 2018
Tata Steel has introduced an environment-friendly steel production technology known as HIsarna. This technology is being tested at Tata Steel’s Ijmuiden site in the Netherlands. The current HIsarna pilot plant can produce around 60,000 tonnes of liquid iron annually. The HIsarna method is an iron manufacturing process in which liquid iron is directly produced by
- Published in Steel
Global Steel Slab Market Outlook
Thursday, 16 August 2018
The reinstatement of the US sanctions is going to affect Iranian slab exports substantially. Consequently, the CIS producers, primarily Russian, will have a chance to regain market share in Europe and Asia. However, we expect that slab suppliers in Indonesia, Malaysia and Vietnam, which are relatively new and have excess supply than Japanese, would become
- Published in Steel
The US doubles its tariffs on Turkish steel and aluminium products
Friday, 10 August 2018
Mr Trump has authorised to double tariffs on Turkish steel and aluminium exports to the US. The tariffs on aluminium are now increased from 10% to 20%, while it increased from 25% to 50% for steel. The announcement severely impacted the Turkish lira which has already been in turmoil. The currency has now plunged to
- Published in Steel
Implications of the US sanctions on the Iranian steel industry
Friday, 10 August 2018
On 6th July 2018, the US re-imposed the sanctions on Iran that have been suspended under the Joint Comprehensive Plan of Action (JCPOA) in 2015 known as Iran Nuclear Deal. The other countries that were part of the agreement are remaining committed to the deal. European countries especially the UK, Germany and France are showing
- Published in Steel