Japan Eyeing India’s Steel Market with Joint Bid for Essar Steel

Source: Economic Times 24 August 2018.  Japan's top steelmaker Nippon Steel & Sumitomo Metal Corp sees India as the most promising market and wants to become "an insider" to capitalise on growth of the world's third-biggest steel market, a senior executive said. "India will be the fastest-growing steel market in the world going forward," Nippon … Continue reading Japan Eyeing India’s Steel Market with Joint Bid for Essar Steel

Chinese Steel Mill Leverages on Relocation Initiative to Increase Production Capacity

Source: Reuters 23 August 2018. China’s Baofeng Special Steel, a medium-sized steel mill based in Xuzhou city in Jiangsu, will invest 50 billion yuan ($7.27 billion) to move to the coastal city of Yancheng and build a new steel production base with 8 million tonnes of annual capacity. This decision came after a push from … Continue reading Chinese Steel Mill Leverages on Relocation Initiative to Increase Production Capacity

MISIF: Delay in GST Refunds Hurting Malaysian Iron and Steel Industry

Source: The Sun Daily 23 August 2018. The Malaysian Iron and Steel Industry Federation (MISIF), which has some RM85 million worth of delayed goods and services tax (GST) refunds, views the delays in the repayment as a bane as it could impact jeopardise business operations and disrupt cash flows. A total of 32 steel firms … Continue reading MISIF: Delay in GST Refunds Hurting Malaysian Iron and Steel Industry

What is Market Sizing and How is it Calculated?

Market sizing is the structured business process of estimating the size of a particular market segment within the economy. The size of the market is typically determined in value (monetary) or quantity (e.g. unit weight, volume, count, etc.) terms, depending on the objective of the market sizing research. In terms of which market segments are … Continue reading What is Market Sizing and How is it Calculated?

What is Market Share and How Can We Establish It?

Market share refers to the percentage share of a particular market that is captured by a company, business, or organization, either as a whole or for a particular product or service being offered. A market share study is a piece of research undertaken to measure the numerical figure of the percentage share (for the company … Continue reading What is Market Share and How Can We Establish It?

What Is An Opportunity Assessment Study and Why Is It Important?

An opportunity assessment study is undertaken to evaluate a business idea, concept, or opportunity, with the ultimate goal of determining whether there is sufficient strategic, market, and financial merit to invest in a specific product or service. There are several use cases where opportunity assessment studies may be considered, such as the following: New product … Continue reading What Is An Opportunity Assessment Study and Why Is It Important?

What Is Industry Analysis and How Is It Conducted?

An industry analysis study is conducted in order to understand the key characteristics of a particular industry that may be critical to various business applications and decision making, such as new market entry. Typically, an industry analysis study is conducted as a sub-component of the larger opportunity assessment study, but in certain cases, businesses may … Continue reading What Is Industry Analysis and How Is It Conducted?

The Effective Uses of Fact-Finding Methodology in Business Applications.

Fact-finding is a research process that involves the systematic investigation, discovery, and analysis of a problem or challenge, with the ultimate aim of deriving a solution for action. There are several use cases in an organizational or business setting that may require such a structured process. To illustrate this, here are a few common settings: … Continue reading The Effective Uses of Fact-Finding Methodology in Business Applications.

What is Customer Intelligence Study and How Does It Help Businesses?

In marketing research, customer intelligence refers to all information regarding a company's customers, such as their underlying profiles, preferences, and behaviors, that contribute to building more effective customer relationships. A customer intelligence study is a piece of research undertaken to discover a specific set of these underlying information, and identify the relationship between customer characteristics and … Continue reading What is Customer Intelligence Study and How Does It Help Businesses?

Consider iron and steel integrated manufacturing hub as part of Malaysia’s steel industry consolidation efforts

Source: Reuters Date: 15 August 2018 China's Jiangsu province to consolidate steel mill locations in efficiency drive China’s second-largest steelmaking province, Jiangsu, will require steel mills to move to two new areas on the coast in the next few years, according to a provincial government document, to reduce air pollution and to make the industry … Continue reading Consider iron and steel integrated manufacturing hub as part of Malaysia’s steel industry consolidation efforts