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.

Tata Steel to offload its electrical steel production plant before its merger with ThyssenKrupp

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
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The US steelmakers are benefiting from protectionist through price hikes but others suffer

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

India to impose import duties on steel

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
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Tata Steel reveals HIsarna technology to tackle environmental concerns in the steel industry

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
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Global Steel Slab Market Outlook

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
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The US doubles its tariffs on Turkish steel and aluminium products

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
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Implications of the US sanctions on the Iranian steel industry

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
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A Strategic Outlook for the Global Welded Pipe and Tube Market to 2028

The welded pipe market has been going through a challenging time. Demand has been recovering at a slow pace in major markets. There is also some uncertainty around the energy sector which is one of the largest consumers of welded pipes. Oil prices have started picking up and will further increase as more severe US
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Chinese anti-dumping duties on stainless steel imports can impact Indonesia the most

China has opened antidumping investigations on stainless steel imports from the EU, Japan, South Korea and Indonesia as trade tensions around the globe heated up after the US implemented section 232 to impose 25% tariff on steel imports. Around 98% of the Chinese stainless steel imports are coming from these locations. The Commerce Ministry of
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EU takes further initiatives to curb steel imports with implications for intra company trade

European Commission has imposed provisional safeguard measures on imports of 23 steel products categories for a maximum of 200 days. Tariffs of 25% will come into force once the steel imports exceed the average of imports over the last three years. The EU safeguard measures have been taken in response to the 25% import duties
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