Although the government continues to promote the process of reducing capacity in the steel industry, due to high sunk costs such as production equipment, steel companies choose to continue production in order to reduce costs and losses. As a result, the o
Looking forward to October, the international steel market may run in shock and differentiation. In Europe, the manufacturing industry expanded steadily, the growth of flat products slowed down slightly, and the market price of long profiles increased sig
On September 24, the cold-rolling coil sheet price in the Tianjin market steadily weakened, and the current mainstream cold-rolling steel mills in Tianjin have a representative specification of about 4570 yuan/ton. The market transactions are relatively a
The latest project was launched in early May 2020 by another private steelmaker, Rizhao Steel*. The project will produce 0.5 Mt/a DRI using hydrogen, which is extracted from the co-products of a natural gas-based process to make vinyl acetate.
On September 9, the mainstream trend of the latest hot-rolled sheets and coils prices in the Tianjin market showed a downward trend. The price of hot rolled coil 3.0*1500*C Q235B carbon steel: 4090 yuan/ton, down 40 from yesterday.
Steel production in China continued to grow. According to the National Bureau of Statistics, the national output of pig iron, crude steel, and steel from January to July was 510.86 million tons, 591.17 million tons, and 723.95 million tons, respectively,
According to the latest steel import monitoring and analysis (SIMA) data released by the American Iron and Steel Institute (AISI), the number of US steel import license applications rose sharply in July this year.According to the trade data provided by th
One is to promote the formation of a new balance between supply and demand. During the "14th Five-Year Plan" period, supply-side structural reforms will still be the main line of the development of the steel industry. Maintaining the basic balance of su
According to the market forecast released by the European steel union on August 5, the output of all steel consumption industries in the European Union will drop by 12.8% in 2020 and rise by 8.9% in 2021. However, Europe said that the strength of steel co
Recently, the National Development and Reform Commission website released the operation of the steel industry from January to June 2020.1. The output of iron and steel increased steadily. According to the data of the National Bureau of Statistics, the nat
Under novel coronavirus pneumonia public health incident in the first half of this year, steel enterprises strengthened self-discipline and ordered production control, which played an important role in stabilizing the economic and social development. On t
In July 2020, the PMI index of China's steel industry was 49.2%, down 0.1% from the previous month, and the steel industry remained relatively stable.The sub index shows that the growth rate of iron and steel production has slowed down, the market
On July 28, the average price of 4.75mm hot-rolled steel plates and coils in 24 major cities across the country was 4109 yuan/ton, down 2 yuan/ton from the previous trading day. Yesterday, the price of the black commodity futures market rose and fell. The
On July 21, the average price of 4.75mm hot rolled steel plates and coils in 24 major cities across the country was 4095 yuan/ton, an increase of 7 yuan/ton from the previous trading day.On the whole, the market has a strong wait-and-see sentiment.
According to the data of the General Administration of Customs on July 14, 2020, China exported 3.701 million tons of steel products in June 2020, a decrease of 699,000 tons from the previous month, a year-on-year decrease of 30.3%; from January to June,
From January to May, China (referring to mainland China only, the same below) imported 5.464 million tons of steel, an increase of 12.0% year-on-year. From January to May, China exported 25 million tons of steel, down 14.1% year-on-year.
According to INDA, Brazilian steel producers Usiminas and ArcelorMittal Brazil may follow suit to raise steel prices after CSN announced a 10.5% increase in steel prices in its distribution chain.Both Usiminas and ArcelorMittal Brazil should do the same,
This week (6.8-6.12), the local hot rolled plate and coil prices in Zhengzhou were mainly stable, and the market prices of BBNsteel carbon steel hot rolled coils 1.8mm and 2.0mm were 4,090 yuan/ton and 4,050 yuan/ton respectively.
Following last month's rally, the international steel market, which started in June, has been booming. During the reporting period, the global steel benchmark price index at 97.2 points rose 1.5% on a week-on-week basis (the increase expanded), ro
From the perspective of macroeconomic indicators, the construction industry has recovered rapidly. Relevant data show that the investment in infrastructure construction (excluding electricity) from January to April has increased by -11.8% year-on-year, a
Strip steel: Chinese strip steel price is relatively strong. The low price transaction is Ok, but the high price transaction is unsatisfactory. Strip steel traders are confused about the market. The high cost of raw materials and the recent upgrading of e
According to foreign media, Saudi Arabia plans to raise the import tariff rate of various kinds of steel materials to the highest "binding tax rate" permitted by the World Trade Organization (WTO).From June 10, the import tariff of steel billet
S550Q steel plates are delivered in the quenched and tempered tempered state. S550 series steel can be divided into four grades such as S550Q, S550QL, S550QL1 grade, belonging to the European standard low 5261 alloy high strength steel EN 10025-6-2004. f