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The domestic scrap steel market is running strongly.

2022 - 08 - 17

China Metallurgical News (August 17, 2022 06th edition 6th edition)Information Statistics Department of China Scrap Iron and Steel Application AssociationLast week, the domestic scrap steel market operated strongly, the market mentality improved slightly, and the arrival of steel mills improved, but due to the hot and rainy weather, the base's receipt was generally low. Compared with the previ...
The U.S. Department of Energy has awarded about $3.46 million to promote research on carbon dioxide

2022 - 07 - 05

Source：(Kang Bin) China Metallurgical News (2nd edition, July 01, 2022)On June 22, the U.S. Department of Energy's National Energy Technology Laboratory decided to invest approximately $3.46 million in research and development funds to conduct front-end engineering research on carbon dioxide removal and utilization technologies at the Gary plant of U.S. Steel in Indiana. The study will focus o...
Argentina issues final anti-dumping ruling on Chinese steel doors

2022 - 06 - 02

Source: Ministry of Commerce Website Editor: Wen XiaoxiaOn May 31, 2022, the Ministry of Production and Development of Argentina issued Announcement No. 465 of 2022, making a final affirmative anti-dumping ruling on steel doors originating in China, and decided to impose 116% on the products involved based on the declared free on board (FOB) price. anti-dumping duties. The products involved are st...
Causes and countermeasures of blast furnace air outlet burnouts

2022 - 05 - 07

Source: China Metallurgical News - China Iron and Steel News NetworkI. Causes of air outlet burning1. The furnace condition is unstable, and the cylinders are piled up.Such a situation is often encountered in production. The blast furnace condition has been fluctuating greatly, the stability is very poor, and the wind addition and reduction are frequent, and the long-term stability ...
National Health Commission: The local epidemic has spread more, and the scope of coverage has been …

2022 - 04 - 01

Source: Cailian News AgencyOn the afternoon of April 1, the joint prevention and control mechanism of the State Council held a press conference. At the meeting, Mi Feng, a spokesman for the National Health Commission, said that in March, the global epidemic was still in the stage of a pandemic, and the epidemic situation in neighboring countries and regions was out. New local confirmed cases ...

Inside and outside the steel price difference is expected to narrow

2021 - 02 - 01

Source: Warburg SecuritiesEvent 1: The steel association held an information conference to answer the questions of output reduction and how to balance production and demand. It is believed that the Ministry of Industry and Information Technology proposed to reduce steel production in 2021 should have three aspects of consideration, 2021 steel demand will maintain a small growth, steel supply pattern under the new situation is bound to change, the import and inventory of self-regulation will help to make up the gap between production and demand.Comments: Under the market economy, the output of goods is mainly driven by demand and theoretical capacity. At present, domestic and overseas economies are recovering, steel demand is better expected, so the industry has questions about the implemen...

Top 10 Steel Industy News of 2020

2021 - 01 - 05

Source: My steel As the year of 2020 comes to an end, China's economy has been the first to recover from the COVID-19 epidemic, which has effectively boosted domestic steel consumption growth. Steel prices have risen to the highest level this year. In this year, the steel industry accelerated transformation and upgrading, enterprise merger and reorganization attracted attention, xiaobian special comb the steel industry in 2020 ten news.First, the Ministry of Industry and Information Technology issued the revised Opinions on the Implementation Measures for Replacing Steel Production CapacityOn January 23, the National Development and Reform Commission, Ministry of Industry and Information Technology jointly issued by the 'about perfecting the steel production capacity of displa...

Baowu on steel capacity concentration in Northwest China

2020 - 12 - 08

Article source: MysteelChina Baowu Steel Group (Baowu), China’s and also the world’s top steel producer in capacity, has been taking no break in its expansion in capacity and inner strength enhancement at the same time, with the latest move to solidify its footing in Northwest China via acquiring existing steel mill and iron ore mines, Mysteel Global noted.On November 25 Baowu, via its subsidiary in Northwest China’s Xinjiang, Xinjiang Tianshan Iron & Steel (Tianshan Steel), took over about 77% stake in Yili Iron and Steel Group (Yili Steel) at Yuan 1.45 billion ($2.2 million) from the latter’s 31 individual shareholders, shortly after its acquisition of the full ownership of Xinxing Ductile Iron Pipes Xinjiang Co (Xinxing Ductile) at a price of Yuan 2.2 billion on November 19, accordi...

China’s Jan-Nov steel exports down 18%, imports up 74%

2020 - 12 - 07

Article source: MysteelChina exported a total of 48.8 million tonnes of finished steel over January-November, down 18.1% on year, while its finished steel imports surged 74.3% on year to 18.9 million tonnes over the same period, according to the latest statistics released by the country’s General Administration of Customs on December 7.The decline in China’s steel exports, however, narrowed from the 19.3% on-year drop over January-October, mainly due to higher steel exports in November, as the global demand has been recovering and the narrowing gap between China’s domestic and export prices of steel products in September, as the November deliveries were mainly booked two months before, Mysteel Global understands.In November, China’s finished steel exports approximated 4.4 million tonnes, u...

Evergrowing Resources Co

2019 - 03 - 23

Evergrowing Resources Co., Limited was built by the founder of Mr. Ge in HK, 2016. He worked on steel industry for more than 15years till now. He and his team have exported more than 200,000mt different kinds of steel material to Southeast Asia, Europe, Africa, North America and etc till now. Evergrowing Resources Co., Limited, as a leading supplier of hot rolled and forged material supplier in China, always places product quality as the first priority. Therefore we seriously recommend you to choose us as your super supplier on hot rolled and forged steel materials. We would take full responsibility for the quality and authenticity of our products which customer purchase through us. Thank you for your trust and cooperation!

Gold, three silver, four cold and hot rolling have room for improvement. The first half of the year

2019 - 03 - 11

Article source: China Steel Price Network As the weather gradually improved, the steel market “Golden Three Silver Four” gradually approached. After the cold winter of some downstream industries experienced last year, the policy of the “two sessions” will make the demand warmer? What is the release of capacity this year?In this issue of Mysteel, we invited Hu Shinan, a hot and cold rolling analyst in the Steel Division, to hear how she analyzed it.Core point of view:1. The manufacturing industry and other industries have lowered the VAT rate by 3%, which is good for the entire downstream industry. In addition, attention should be paid to measures to promote consumption in rural areas such as car purchases for rural residents, new energy vehicles, and second-hand car transactions for s...

Rework of construction sites around the world Rebar prices remain strong in the short term

2019 - 03 - 11

Article source: China Steel Price NetworkSince late February, steel futures prices have shown a unilateral upward trend. Last week's rebar 1905 contract fell 1.30% to 3,723 yuan / ton. The Hot Roll 1905 contract fell 2.95% to 3,712 yuan / ton. In terms of rebar spot, compared with the previous week, Shanghai fell to 3,850 yuan / ton, Guangzhou fell to 4,220 yuan / ton, Beijing fell to 3,810 yuan / ton. In terms of hot coil spot, Shanghai fell to 3,830 yuan / ton, Tianjin fell to 3,810 yuan / ton, Guangzhou fell to 3,860 yuan / ton.Short-term demand is still acceptableRegarding the demand side of rebar, it is considered from the short-term and medium-term perspectives. Short-term rebar demand is mainly determined by the need for return to work after the Spring Festival and the pace of r...

The fundamentals of supply and demand are relatively good. The steel market will be in a strong tren

2019 - 03 - 11

Article source: China Steel Price NetworkThe domestic spot steel market continued to pick up, steel prices rose slightly, and market demand began to release. The iron ore market is basically stable, and the import price has risen slightly.According to the latest market report provided by domestic steel information agencies, the domestic spot steel price index closed at 144.22 points in the most recent week, up 0.6% in the week. Among them, the construction steel market is dominated by shocks, and the average price of mainstream rebar varieties has risen by 24 yuan per ton a week. The plate market was stable and the market price of hot-rolled coils rose slightly. The average price of mainstream specifications rose by 15 yuan per ton per week. The price of plate was slightly increased. The a...

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