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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...
China's steel exports will be under pressure in 2025

2025 - 01 - 21

Source: Lange Steel At present, China's steel export price advantage still exists, the depreciation of the renminbi, the recovery of steel export orders have formed a certain support for exports, but the momentum of trade friction is still unabated. Based on the low steel export base in January-February 2024 (7.955 million tons per month), steel exports in January-February 20...
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 stil...
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 experien...
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 mechani...

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...

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 produce Ø8-32mm rebar products, which means that the plant has resumed long product production. The plant was closed in 2003 due to local political tensions and lack of investment.At the same time, SCIS is advancing the renovation of a 500,000 tons/year steelmaking workshop, which includes a 70-ton electric arc furnace, a 70-ton LF furnace and a four-strand continuous caster for producing 150mm...

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. Amorphous strip is an ideal material for motor stator core. Amorphous strip is expected to become the main material of motor stator core. Amorphous alloy material has many advantages compared with non-oriented silicon steel. The core lies in low loss, energy saving and environmental protection. From the perspective of the car end, the replacement of amorphous motors helps the new energy ve...

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; among them, the export of automatic data processing equipment and its parts increased by 10.3%, the export of automobiles increased by 22.2%, and the export value of ships increased by 91.1% year-on-year. According to preliminary estimates, China's indirect steel exports currently far exceed its direct exports. The total steel exports in the first half of the year (direct steel exports plus indi...

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 present, the development of amorphous alloy soft magnetic materials industry presents the following four characteristics. The amorphous strips is increasing rapidly. According to statistics, in 2021, my country's iron-based amorphous strip output was 68,000 tons, a year-on-year increase of 28.3%; in 2022, my country's iron-based amorphous strip output was 91,000 tons, a year-on-year in...

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Amorphous nanocrystalline iron core ushers in a new era of solid-state transformers

Source: China Steel News Network At present, the research and development of solid-state transformers in China is synchronized with international standards, which is a critical period to seize opportunities.Solid state transformer (SST) is a power equipment that converts electrical energy based on semiconductor devices such as MOSFET and IGBT. It replaces traditional iron core coil structures with high-frequency electromagnetic induction technology, which can flexibly adjust voltage, frequency, and power characteristics. It has core advantages such as high energy conversion efficiency, small size, low weight, low noise, and can integrate intelligent control functions. Its research and development and breakthroughs are key technical support for the vigorous development of new powe...

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 ...

Domestic steel market outlook

Source:China Industrial Economic Information Network On April 16th, the National Bureau of Statistics released the macroeconomic data for the first quarter of 2025 and March. These data provide a crucial perspective for us to analyze the latest trends in the steel industry. This article will start from two aspects: production,and exports, and guide you to review the current fundamental situation of China's steel industry. 01 Production side: Steel output has rebounded, and the operating rate of blast furnaces remains at a high levelIn the first quarter of 2025, China's crude steel output was 259 million tons, increasing by 1.1% year-on-year. The increase in output was mainly driven by a 5% year-on-year growth in March alone. Meanwhile, the capacity utilization rate o...

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

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...

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!