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.
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
Pakistan supports its local steel industry with antidumping duties
Monday, 18 June 2018
Pakistan National Tariff Commission (NTC) imposed up to 14.24% anti-dumping duties on imports of colour coated galvanised steel coils (organic coated steel) from China and South Africa for the next five years. The decision was made in June 2018 on the basis that the imported steel coils were potentially being imported at dumped prices causing
- Published in Steel
AK Steel makes technical advancements to help improve its share in the grain oriented electrical steel market
Monday, 04 June 2018
AK Steel launched a new family of high-permeability grain oriented electrical steel (GOES), which is specially designed for high- and ultrahigh-voltage transformers. The company disclosed that its new TRAN-COR X family of grain oriented electrical steel is a step improvement over its current TRAN-COR H steels. It is expected that the new grade steels will
Following steel, auto tariffs can be the next to hit NAFTA. Would comparative disadvantage work for the US?
Friday, 01 June 2018
The North American automotive industry is highly integrated. Vehicles are built on shared platforms, enhancing the whole supply chain across the region. Robust demand in the regional automotive industry attracted all major global OEMs to the region which created fierce competition and sophisticated network of OEMs and auto parts suppliers. This enables them to source
- Published in Steel
China closes excess capacity, but diminishing demand will undermine the efforts
Thursday, 24 May 2018
China is going to close its outdated steel capacity which will bring the country total steel capacity below one billion tonnes by 2025, according to China Iron and Steel Association (CISA). Commodity Inside understands that this is in line with the country efforts on improving environmental conditions as well with the current Sino-US trade tensions.
- Published in Steel
A round-up of the flat steel market in South East and South Asia
Wednesday, 23 May 2018
In Southeast Asia, slab prices edged down early this month due to low demand and plentiful supply. Demand in the region is set to remain weak in the short term due to the uncertainty caused after 25% tariff on the US imports which affected various markets, particularly Asia. Meanwhile, demand in Malaysia and Indonesia remained
- Published in Steel
European steel market remains subdued, and is trying to curb imports
Tuesday, 22 May 2018
Flat steel prices in Europe have softened due to high imports and inventory levels, and expected to decline in the short term due to less buying activity in the market. Buyers are in a wait and see mode as uncertainties in the European markets are looming since the US extended the exemption of 25% tariff
- Published in Steel