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China’s Steel Adapts Amid U.S. Tariff Waves

2025 - 04 - 18

Source: China Steel News Network The U.S.-instigated "tariff storm" has swept across the globe, delivering significant shocks to global financial markets and supply chains. For China's steel industry, while the direct impact appears limited in the short term—given that Washington has already raised tariffs on Chinese steel to 60% and China's direct steel exports to the ...
The world's first 110kV energy-saving amorphous alloy three-dimensional coil core oil-immersed power transformer was successfully developed:

2025 - 04 - 10

Source:Nanfang DailyOn March 14, 2025, Guangdong Power Grid Company and Haihong Electric jointly developed a 110kV energy-saving amorphous alloy three-dimensional coil core oil-immersed power transformer, and successfully passed the whole test. This is the world's first energy-saving amorphous alloy solid coil core power transformer applied to 110kV voltage level, its no-load loss than GB 2005...
Domestic steel market outlook

2025 - 03 - 25

Source:China Industrial Economic Information Network From the recent trend of the national steel production continues to rise, the possibility of a significant decline in domestic steel production in the short term is less, and the supply or continue to remain high. On the demand side, the off-season of the steel market has led to a decline in the willingness of end users to purchase, and it ...
Amorphous materials are emerging in energy applications

2025 - 02 - 21

Source:Booz data In terms of market applications, amorphous transformers stand out with excellent energy-saving effects. Compared with traditional silicon steel transformers, the no-load loss is reduced by up to 60% to 80%. Although the initial investment is slightly higher, the energy saving benefits are significant, and the cost recovery is usually achieved within a year and a half. The US ...
At the beginning of the year, many steel giants took mergers and acquisitions!

2025 - 02 - 08

At the beginning of the new year, a wave of mergers and acquisitions in the global steel industry was launched, and many steel giants took action to integrate resources through acquisitions and enhance competitiveness to cope with market changes and future challenges. Spain Grupo Soledad acquires special steel producer Spain-based steel producer Grupo Soledad announced the acquisition of...

Steel market gradually semi-halt, steel prices still stable?

2025 - 01 - 08

Last week, the overall steel market fell slightly, from the spot point of view, thread, hot coil mostly fell 10-20 yuan, hot coil slightly weaker than thread, a few market decline reached 30 yuan. Other steel grades have also weakened, and the overall market atmosphere is worse than the day before. The transaction is average, and the wait-and-see mood is strong. At present, the market is still volatile. This is mainly due to the volatile market sentiment, external factors and the lack of an environment for an upward rebound, with time and space not in place. Winter storage has not yet started, and market confidence is insufficient. In the short term, it is necessary to prevent raw materials and finished products from continuing to go down in a weak cycle. In 2025, the market will...

The national construction steel market is still in the active stage of destocking

2024 - 12 - 31

Source: Mysteel Entering December, the overall price of construction steel showed a range of fluctuations. From the perspective of industry fundamentals, the supply side gradually declined due to environmental factors or equipment maintenance plans at some steel mills at the end of the year; The demand for essential goods on the consumer side is gradually weakening, with some regions experiencing seasonal rush to work. Overall, consumption has shown a certain resilience, especially in the past two years when the seasonal characteristics of demand have weakened. The peak season is not prosperous, and the off-season is not weak, which is the norm. In December, the market transaction volume even showed a rebound. Overall, market consumption continues to decline, and the decline in m...

Recent Breakthroughs in Amorphous Materials Research

2024 - 12 - 26

In the field of materials science, recent studies on amorphous materials have yielded remarkable results. Researchers at [Institute Name] have made significant progress in understanding the unique properties and potential applications of these materials. Through advanced experimental techniques and theoretical simulations, they have uncovered new insights into the atomic structure and mechanical behavior of amorphous materials. This has led to the development of innovative manufacturing processes that enhance the material's strength and durability while maintaining its amorphous nature. One of the key findings is the potential application of amorphous materials in energy storage and conversion devices. Their disordered atomic structure offers advantages such as high surface a...

Steel exports will hardly reach record high in 2024 and analysis of influencing factors

2024 - 12 - 19

Source: China Metallurgical News General Administration of Customs data show that in November, China exported 9.278 million tons of steel, up 15.9% year-on-year, down 24.9 percentage points. In the first 11 months of this year, China exported 101.152 million tons of steel, breaking 100 million tons, up 22.6% year-on-year. According to Lange Steel Research Center calculations, in November, China's net exports of steel 8.885 million tons, an increase of 19.1% year-on-year, down 27.2 percentage points. 1-11 months, China's net exports of steel 94.958 million tons, an increase of 25.5% year-on-year, down 0.6 percentage points. Overall, the current global manufacturing index rose steadily, the external demand boom weak recovery; China's steel enterprises export order index...

Expected demand for amorphous powder market to double next year

2024 - 12 - 09

At present, the development of China's amorphous powder industry is characterized by improving quality and accelerating speed. In the future, with the upgrading and application expansion of downstream industries, the demand for amorphous powder in the market will increase sharply, and it is expected that the demand for amorphous powder in the market will double next year. "On December 4th, ZhangHua, Secretary General of the Amorphous Alloy Materials Application Branch of the China Electrical Industry Association, said in his keynote speech at the 4th Amorphous Alloy Powder Application and Development Forum. Regarding the opportunities and challenges faced by the current development of amorphous powder industry, Zhang Hua said that first, the domestic amorphous powder market h...

Current situation and future prospects of the magnetic materials industry

2024 - 12 - 04

With the acceleration of economic and social green transformation driven by the promotion of the "dual-carbon" target, there has been a significant surge in demand for magnetic materials due to the booming development of low-carbon environmental protection industries such as new energy, wind power generation, and energy-saving household appliances. Magnetic properties are inherent in all aspects of both macroscopic and microscopic worlds, encompassing diamagnetic, antimagnetic, ferromagnetic, ferrimagnetic, and antiferromagnetic categories. Magnetic materials refer to substances composed of transition elements like iron, cobalt, nickel, and their alloys that can directly or indirectly generate magnetic fields. Ferromagnetic and ferrimagnetic substances find extensive applications...

Outlook for the Second Half of 2024 Domestic Hot Rolled Strip Steel

2024 - 09 - 20

Source: MY STEEL In 2024, the domestic hot-rolled strip and hot-coil production capacity has increased, and new production lines have been put into operation. Especially this year, the strip and hot coil capacity utilization rate has rebounded, the new production line production gradually released, the third and fourth quarters of high supply or will be maintained, but considering the annual production reduction indicators, it is expected that the second half of the strip capacity utilization rate or will decline slightly. This year, the front-end data of the real estate industry are 50-70% lower than the peak, the auto industry data is relatively acceptable, but the impact of anti-dumping factors in Europe and Canada and other countries, the second half of the automobile i...

Development status and future trends of amorphous transformer industry in 2024

2024 - 08 - 27

Development status and future trends of amorphous transformer industry in 2024 Source: China Economic Information Network The total number of tenders for China's power grid transformers is affected by a variety of factors, including national energy policies, electricity demand growth, the need for grid upgrades and renovations, and the promotion of high-efficiency energy-saving equipment. With the rapid development of China's economy and the advancement of urbanization, electricity demand continues to grow, which directly promotes the increase in the number of grid construction and transformer tenders. At the same time, the country's emphasis on energy conservation and emission reduction and policy support for high-efficiency energy-saving transformers, such as the pr...

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Exports saw one increase and three decreases, while imports saw a decrease and an increase

Source:China Steel News NetworkThe Market Research Department of China Iron and Steel Association: In the first quarter, China's steel product exports continued the trend of "one increase and three decreases" (increase in export volume, decrease in export price, decrease in export value, and decrease in the export of high-end products) seen in 2024, while steel product imports continued the pattern of decrease in volume and increase as seen in 2024.In terms of exports, in the first quarter, the export volume of steel reached 27.43 million tons, an increase of 1.629 million tons year-on-year, with a growth rate of 6.3%. The average export price was 705.7 US dollars per ton, a year-on-year decrease of 10.5%. The export volume of steel billets was 2.57 million tons, an increase ...

At the beginning of the year, many steel giants took mergers and acquisitions!

At the beginning of the new year, a wave of mergers and acquisitions in the global steel industry was launched, and many steel giants took action to integrate resources through acquisitions and enhance competitiveness to cope with market changes and future challenges. Spain Grupo Soledad acquires special steel producer Spain-based steel producer Grupo Soledad announced the acquisition of Valencia-based special steel producer Aceros y Servicios by purchasing a majority stake in the company. The company that produces parts for different industries such as railways, tools and machinery will be integrated into Soledad's Elche business group. Through the acquisition, Soledad will enter the special steel market and increase the capacity of its two subsidiaries, Caucho Industrial Ve...

Steel exports will hardly reach record high in 2024 and analysis of influencing factors

Evergrowing Resources Co

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!