Sep-01-2023
Short-term steel prices are expected to remain volatile due to various factors influencing the global steel market. Several key factors contribute to this volatility:1. Economic Conditions: Fluctuations in global economic growth and industrial activity ca
Sep-01-2023
From January to July, the main steel industry in China experienced overall stable operation. During this period, the industry maintained steady production levels and market performance.Several factors contributed to this stability. Firstly, government pol
Aug-18-2023
The steel industry is undergoing a significant transformation as it adapts to sustainable practices, driving environmental progress. With growing concerns about climate change and resource conservation, steel manufacturers are increasingly prioritizing su
Aug-18-2023
Global steel demand is experiencing a significant surge as infrastructure projects drive growth across the world. Governments and private sectors are investing heavily in infrastructure development, leading to increased consumption of steel.Major construc
Jul-28-2023
For the current fiscal year starting from April 1st, it is expected that India's steel product imports will be around 5 million tons, mainly flat steel products. Government data shows that this will be approximately 1 million tons lower than the p
Jul-28-2023
According to the China Iron and Steel Association on July 27, China imported 612000 tons of steel in June, down 19000 tons month on month and 179000 tons year on year; The average import unit price was 1661.4 US dollars per ton, a decrease of 4.4% month o
Jul-11-2023
On June 21st, the Structural Steel Center of the Korea Steel Association announced that the KS (Korea Standards) Korean standards have been incorporated into the Singapore First Class Building and Construction Guidelines (BC1). The KS Korean standard cove
Jul-11-2023
The General Administration of Customs of Cambodia recently released a report that in the first four months of this year, the total amount of steel imports in Cambodia reached 129.04 million US dollars, accounting for 1.63% of the total import amount in Ca
Jun-27-2023
The upcoming summer will once again face power rationing issues for Iranian steel manufacturers. However, the expected power outages this year and their negative impact on steel production are slightly better than before, and the Iranian government has pr
Jun-27-2023
In the short term, the traditional off-season for steel demand in June is weak, and there is little hope for improvement in real estate and infrastructure investment in the short term. However, positive factors at the macro level have boosted the overall
Jun-15-2023
Since Malaysia joined the "the Belt and Road" initiative, Chinese enterprises, with the assistance of the Malaysian government, have actively built blast furnace converter steel plants in Malaysia. According to the crude steel output data in 202
Jun-15-2023
Recently, the World Steel Association released the latest short-term (2023-2024) steel demand forecast report. The report shows that South Korean steel demand is expected to grow by 2.9% in 2023.It is understood that in 2022, factors such as reduced inves
May-26-2023
As of May 2023, the stock situation of heavy steel plate is heavily influenced by global demand and supply.There has been a surge in demand for heavy steel plate due to increasing infrastructure projects and construction activities in various parts of the
May-19-2023
The steel industry has been making headlines recently due to a surge in demand and rising prices. The COVID-19 pandemic disrupted supply chains and hampered production, leading to shortages and higher prices. Additionally, the global push for sustainable
May-19-2023
Steel prices have continued to rise due to strong demand from construction and manufacturing industries. This surge in demand has been driven by government stimulus packages and infrastructure spending in key markets such as China and the United States.In
Apr-27-2023
The steel industry is currently experiencing a dynamic demand and supply situation. On the demand side, the recovery of the global economy has led to increased demand for steel from various sectors such as construction, automotive, and machinery. As the g
Apr-21-2023
The World Iron and Steel Association released the latest short-term (2023-2024) steel demand forecast report on April 18th. The report shows that global steel demand will rebound by 2.3% in 2023, reaching 1822.3 million tons. In 2024, global steel demand
Apr-14-2023
On March 21st, the heads of China and Russia held a meeting and signed cooperation agreements for over 80 major projects, with a total amount of over 165 billion US dollars (approximately 1.1 trillion yuan at the latest exchange rate). On March 21st, the
Apr-06-2023
Looking back at the general steel market in March, as terminal enterprises accelerate the resumption of work and production, steel demand gradually recovers. At the same time, steel mills accelerate the resumption of production, and steel production conti
Mar-17-2023
Overall, with the improvement of the recovery speed of the manufacturing industry and the rapid recovery of construction activities, the overall steel consumption performance exceeded expectations, greatly improving market confidence. With the gradual ope
Mar-17-2023
There are certain contradictions in the current market. This is reflected in the fact that steel mills are still actively pushing up prices and looking forward to the future market, as well as the imbalance between resource regions and the shortage of res
Mar-11-2023
Benefiting from the solid foundation laid by the industrial restructuring, transformation and upgrading that has been continuously promoted over the years, the development of the steel industry has withstood the full impact of the epidemic in 2022, overco
Mar-01-2023
Shu Ting said: "The reason why spring is beautiful and rich is that it has passed through the last steep.". Life is always bitter before sweet. Life is mostly cold before warm. After the wind and frost, prosperity comes to itself. After the cold
Feb-24-2023
In 2022, in the face of such difficulties as the weakening of downstream demand, the decline of steel prices, and the rise of raw and fuel costs, the iron and steel industry made great efforts to reduce costs and increase efficiency, strictly control oper
Feb-03-2023
February 5th is the Lantern Festival of 2023. BBN steel celebrate the Lantern Festival in advance, on the afternoon of February 3rd. As the next two days are weekends.We play a lot of games in happy atmosphere, guess lantern riddles, roll the bottle to wi
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