News
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Steel prices in the domestic market fell slightly in August
Analysis of the factors of steel price changes in the domestic market In August, due to factors such as floods and repeated epidemics in some areas, the demand side showed a slowdown; the supply side also declined due to the impact of production restrictions. Overall, the supply and demand of the...Read more -
Packing and shipping of galvanized square pipes on September 18, 2021
In March 2021, Rainbow Steel received inquiries from new customers. The product needed this time is a galvanized rectangular tube. Since the customer is cooperating with our company for the first time, the sales specialist believes that the customer must understand Rainbow Steel, Only by understa...Read more -
India’s largest iron ore producer cuts ore prices for 3 consecutive months
Affected by the international steel price survey, India’s largest iron ore producer-National Minerals Corporation of India (NMDC) produced iron mobile phone prices for three consecutive months. It is rumored that it has set its domestic ferroelectric price to NMDC 1,000 rupees/ton (approximately ...Read more -
Coal prices continue to rise, and downstream smelting companies are under pressure
Under the influence of production restriction policies and boosting demand, the coal futures “three brothers” coking coal, thermal coal, and coke futures all set new highs. “Big coal users” represented by coal power generation and smelting have high costs and cannot. Accor...Read more -
Shipment of Dubai C channel in September 2021
Since the end of last century, Rainbow group has been focused on the iron and steel industry for decades, gradually opening up multi-channel external publicity to boost products. Every year, Xinyue will participate in about 500 different type projects all over the world and support lots of tradin...Read more -
FMG achieves the best performance in history in fiscal year 2020~2021
FMG released its financial performance report for the fiscal year 2020-2021 (June 30, 2020-July 1, 2021). According to the report, FMG’s performance in the 2020-2021 fiscal year reached a record high, achieving sales of 181.1 million tons, a year-on-year increase of 2%; sales reached US$22.3 bill...Read more -
Huanghua port imported Thai iron ore for the first time
On August 30, 8,198 tons of imported iron ore was cleared at Huanghua Port. This is the first time that Huanghua Port has imported Thai iron ore since the opening of the port, and a new member has been added to the source country of iron ore imports at Huanghua Port. The picture shows the customs...Read more -
The U.S. initiates a double anti-sunset review of hot-rolled steel plate investigations
On September 1, 2021, the U.S. Department of Commerce issued an announcement to initiate an anti-dumping sunset review investigation on hot-rolled steel plates (hot-rolled steel products) imported from Australia, Brazil, Japan, South Korea, the Netherlands, the Netherlands, Turkey, and the United...Read more -
General Administration of Customs: China exported 5.053 million tons of steel products in August, a year-on-year increase of 37.3%
According to the General Administration of Customs on September 7, 2021, on September 7, 2021, China exported 505.3 tons of goods in August 2021, a statistical increase of 37.3% and a month-on-month decrease of 10.9%; the cumulative export of steel products from January to August was 4810.4 tons....Read more -
The EU launches the CORALIS demonstration project
Recently, the term Industrial Symbiosis has received widespread attention from all walks of life. Industrial symbiosis is a form of industrial organization in which waste generated in one production process can be used as raw material for another production process, so as to achieve the most effi...Read more -
Tata Steel releases the first batch of performance reports for the 2021-2022 fiscal year EBITDA increased to 161.85 billion rupees
News from this newspaper On August 12, Tata Steel released a group performance report for the first quarter of the 2021-2022 fiscal year (April 2021 to June 2021). According to the report, in the first quarter of fiscal year 2021-2022, Tata Steel Group’s consolidated EBITDA (earnings before...Read more -
From the perspective of five dimensions, it is necessary for the steel industry to increase its concentration
Ensuring the increase in the concentration of the steel industry, the optimization of attracting production capacity and the control of output, the investment to increase the pricing power of raw materials, the sharing of research resources from sources, the sharing of pillar customers and channe...Read more -
World Steel Association: July global crude steel production increased by 3.3% year-on-year to 162 million tons
World Steel Association statistics show that in July 2021, the total crude steel output of 64 countries and regions included in the organization’s statistics was 161.7 million tons, a year-on-year increase of 3.3%. Crude steel production by region In July 2021, crude steel production in Afr...Read more -
Actively deploy new energy related fields
Iron ore giants unanimously actively carried out research in new energy-related fields and made asset allocation adjustments to meet the low-carbon development needs of the steel industry. FMG has focused its low-carbon transition on the replacement of new energy sources. In order to achieve the ...Read more -
Changes in supply and demand promote the rise of coal coke, beware of turning points
Changes in supply and demand promote a surge in coal coke On August 19, the trend of black products diverged. Iron ore fell by more than 7%, rebar fell by more than 3%, and coking coal and coke rose by more than 3%. Interviewees believe that the current coal mine starts to recover less than expec...Read more -
Delivery status of IBC steel pipes from Indian customers
This IBC steel pipe is an old customer in India. The two sides started their first cooperation many years ago. When all the orders were completed, Rainbow increased the quality inspection efforts for this batch of goods, and the final inspection results fully met the customer’s orde...Read more -
Steady start in the second half of the year the potential for stable economic growth throughout the year is sufficient
From the perspective of supply and demand, in terms of production, in July, the added value of industrial enterprises above designated size nationwide increased by 6.4% year-on-year, a decrease of 1.9 percentage points from June, which was higher than the growth rate of the same period in 2019 an...Read more -
IMC conduit pipe loading on August 19, 2021
After the customer inspected this batch of goods up to the standard, today we started the loading. At the request of the customer, we strictly inspected the damage of the cabinet. For unqualified boxes, we will ask the loan company to replace them Rainbow treats orders equally reg...Read more -
PPI rose by 9.0% year-on-year in July, and the increase slightly expanded
On August 9th, the National Bureau of Statistics released the national PPI (Ex-factory Price Index of Industrial Producers) data for July. In July, the PPI rose 9.0% year-on-year and 0.5% month-on-month. Among the 40 industrial sectors surveyed, 32 saw price increases, reaching 80%. “In Jul...Read more -
The national carbon market will be “full moon”, volume and price stability and activity still to be improved
The National Carbon Emissions Trading Market (hereinafter referred to as the “National Carbon Market”) has been on the line for trading on July 16 and it has been nearly “full moon”. On the whole, transaction prices have been steadily rising, and the market has been operat...Read more -
European routes have risen again, and export container freight rates have reached a new high
According to the data of Shanghai Shipping Exchange, on August 2, the freight rate index of Shanghai export container settlement reached a new high, indicating that the alarm of freight rate rise has not been lifted. According to the data, the Shanghai export container settlement freight rate ind...Read more
