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Iraq expands finished steel and direct reduced iron production capacity

2024 - 08 - 21

Source: World Metal GuidePublic investment in infrastructure construction supports the continuous improvement of Iraq's steel production capacity. Relevant data show that Iraqi steel producers increased their long rolling capacity by 12.3% in 2024.In March 2024, the Iraqi Basra State Steel Company (SCIS) put into operation a 500,000 tons/year rebar rolling plant in Khor Al-Zubair, which can pr...
Electrical equipment industry: amorphous motor, new energy vehicle application acceleration, 100 bil

2024 - 08 - 06

Source: Oriental Wealth Securities The rapid development of the new energy automobile industry has put forward higher performance requirements for the drive motor, and one of the ways for the motor to improve the effective power density is to avoid high power output loss, which puts forward higher requirements for the motor materials, processes, software, packaging and other aspects. Am...
The steel price index is shown in the figure Email: jack@evergrowrs.com

2024 - 07 - 23

Source: Lange Steel Network In the first half of this year, China's steel exports showed strong growth. According to customs statistics, China exported 53.4 million tons of steel from January to June 2024, a year-on-year increase of 24%. During the same period, the export value of mechanical and electrical products increased by 8.2%, accounting for 58.9% of the total export value; am...
Domestic amorphous alloy soft magnetic industry enters a new stage of development

2024 - 07 - 16

Source: China Steel News At the 3rd Opportunities and Challenges of Amorphous Alloy Materials in the Development of Power Electronics Industry held recently, Zhang Hua, Secretary General of the Amorphous Alloy Materials Application Branch of China Electrical Equipment Industry Association, introduced the current development status of amorphous alloy soft magnetic materials industry. At presen...
Steel Industry's Response to Economic Downturn

2024 - 07 - 11

Source: China Metal Bulletin The global economy has witnessed periods of recession, posing significant challenges to various industries, and the steel sector is no exception. However, the steel industry has been proactive in formulating strategies to weather the storm and maintain stability.In the face of reduced demand due to economic slowdown, steel manufacturers have implemented measures t...

2021 - 06 - 03

Source: Saddle ridge information[Futures Market Analysis][Phase snail] 10 night closed at 5033, down 28 or 0.55%. Wing on in 10 - about to hold a clearance of about 20,000 hands; Yesterday the shipment of finished timber decreased significantly; Raw material, yesterday Tangshan billet fell 30, the first round of coke landing, short - term weak, iron ore spot strong. Heavy rain continued to depress demand in southern China today. In the feeding period, the screw maintains shock, support 4960, pressure 5100.[Steel market trends]Ore: 3 days iron ore spot offer is expected to rise 5-10 yuan. The S&P 500 was up 35 cents at $209.45 last night. The monthly average is $209.28. Due to the steel market is not good, the uncertainty of demand, the port is not active, although the mine price i...

Walk out a development road with the characteristics of pangang

2021 - 05 - 12

Source: China Metallurgy News - China Iron and Steel NewsOn April 29th, the general manager of angang group dai zhihao, who made a survey in pangang, went deep into xichang vanadium steel to understand the production and operation situation, and listened to the digitization and intelligentization work report of pangang. Dai Zhihao stressed that to thoroughly study and apply xi general secretary of the important speech and instructions instructions spirit, fully understand the development situation, eyes do their own work, to continually improve panxi vanadium titanium magnetite smelting capacity, accelerate the digitization, intelligent work, out of a road to development with the characteristic of pangang, the realization from pursued beyond the 'idea'.Duan Xiangdong, Member of the...

China Iron and Steel Development Forum held

2021 - 04 - 07

Source: People's DailyA few days ago, the 2021 (12th) China Iron and Steel Development Forum was held in Beijing. At the meeting, Yin Ruiyu, an academician of the Chinese Academy of Engineering, said that after decades of development and progress, China's steel industry per ton of steel energy consumption and carbon emissions have been in the international advanced level, but because of the huge crude steel production, the total carbon emissions of the industry is still large. Li Gao, director of the Department of Climate Change under the Ministry of Ecology and Environment, called on the steel industry, as an important supporting industry for China's economic development and a key industry for carbon emissions, to strengthen the consensus on carbon emission reduction, transfor...

The steel market will fluctuate upwards for a long time, and there will be adjustment pressure in th

2021 - 03 - 23

Source: China Metallurgical NewsWith the introduction of carbon peak and carbon neutral targets, environmental protection and production restrictions throughout the country have continued to increase. Guo Xiaoliang, assistant to the general manager of Delong Steel, is deeply touched by this. On March 19, Guo Xiaoliang said in an interview with a reporter from China Metallurgical News: 'In 2021, the production restriction policy in Tangshan and even the entire Hebei area has become stricter and stricter. From the initial stage of production reduction, production restriction, and production suspension, Up to now, some blast furnaces have been shut down and dismantled, and the implementation of the production restriction policy has continued to increase, and the actual implementation has ...

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...

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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!