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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 a...
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 equip...
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...

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 previous week, the average purchase price of scrap steel in key steel enterprises has increased by 148 yuan/ton, the price of medium-sized scrap steel has increased by 159 yuan/ton, and the price of unified scrap steel has increased by 127 yuan/ton.At the beginning of last week, the finished materials market strengthened, and the resources in the superimposed scrap steel market were scarce, the arrival...

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 on the direct Air carbon capture and storage (DACS) process, which removes 5,000 tonnes of carbon dioxide per year from the natural atmospheric environment and then permanently mineralizes it in concrete products.Carbon dioxide removal and utilization technology can make full use of residual heat and energy of steel mills, thus maximizing energy efficiency and minimizing transportation costs of ste...

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 steel doors with a weight greater than or equal to 24 kg and no more than 100 kg, involving products under the Mercosur Customs Code 7308.30.00, but excluding armored doors as defined in Article 3.14 of the IRAM 11992 standard. The announcement takes effect from the date of publication and is valid for 5 years.On June 3, 2021, Argentina launched an anti-dumping investigation on steel doors originati...

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 and asymptomatic infections in China have increased rapidly. The epidemic spread more points, and the scope of coverage has further expanded. Community transmission in some areas has not been blocked, and spillover cases have been reported. The prevention and control situation is severe and complex.Mi Feng said that we should always adhere to the general policy of 'dynamic zero clearance'....

The World Bank warns that the Russian-Ukrainian crisis will hit the global economy. Institutions: Gl

2022 - 03 - 04

Source：My steel As the impact of the Russian-Ukrainian crisis continues to penetrate into all aspects of the economy, more and more political and economic officials and industry institutions are warning that the conflict may hit the global economy hard.David Malpass, President of the World Bank, recently warned to the British media: 'I think it's too early to say whether the war in Ukraine will lead to a global recession. However, it is obvious that this is a disaster for the world and will weaken global economic growth.Malpas said that the economic impact of the conflict has gone beyond Ukraine's borders, and the rise in global energy prices has hit the poor hardest, as has inflation.Malpas pointed out that Russia and Ukraine are both major food producers.' Food price...

The net withdrawal of the open market of 800 billion in the first week after the holiday does not hi

2022 - 02 - 11

Source：My steel In the first week after the holiday, the central bank's open market totaled a net withdrawal of 800 billion yuan, but benefiting from the cash return after the Spring Festival and other factors, the overall capital level remained stable and loose. At the same time, the increment of credit and social finance reached a record high in January, and the credit 'good start' was very successful.Industry insiders said that the January credit data reflected the initial effect of steady growth, and the market's confidence in policy efforts is expected to be strengthened. The improvement of financial data, coupled with the imminent interest rate increase of the Federal Reserve in March, the urgency of broadbanding currency has been reduced, and subsequent structur...

In 2021, China's import and export scale exceeded $6 trillion for the first time.

2022 - 01 - 14

Article source:My steelOn the morning of January 14, the Information Office of the State Council held a press conference. Li Kuiwen, spokesman of the General Administration of Customs and director of the Statistical Analysis Department, introduced the import and export of foreign trade in 2021.According to customs statistics, the total import and export value of China's goods trade in 2021 was 39.1 trillion yuan, an increase of 21.4% over 2020.In 2021, in dollar terms, China's import and export scale reached $6.05 trillion, breaking through the $6 trillion mark for the first time.

The world's first stainless steel with its own surface that can kill the novel coronavirus has been

2021 - 12 - 13

Source: Huang Mingxin Team, University of Hong Kong, Material Science and Engineering Editor: Zhang Yutian Stainless steel is one of the most widely used materials in public health, but it does not have the characteristics of combating harmful microorganisms. Earlier studies have shown that the novel coronavirus (SARS-Cov-2) has a strong stability on conventional stainless steel surfaces, remaining on stainless steel surfaces, and is still infectious after three days, giving the virus the opportunity to spread through contact in public places. The team led by Professor Huang Mingxin of the Department of Mechanical Engineering of the School of Engineering of the University of Hong Kong (HK) and the research team of Prof...

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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 ...

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!