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.
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
A Strategic Outlook for the Global Welded Pipe and Tube Market to 2028
Friday, 10 August 2018
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
- Published in Steel
Chinese anti-dumping duties on stainless steel imports can impact Indonesia the most
Friday, 27 July 2018
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
- Published in Steel
EU takes further initiatives to curb steel imports with implications for intra company trade
Wednesday, 18 July 2018
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
- Published in Steel
Iran has emerged as a significant steel exporter but is threatened by impending sanctions
Friday, 13 July 2018
Iran is the largest producer in the Middle East and North Africa and is the 13th world largest steel producer with 21.2 million tonnes of crude steel production in 2017. Some of its major steel producers include Mobarakeh Steel, Khouzestan Steel and Esfahan Steel. The country has planned to raise its output to 55 million
- Published in Steel