News
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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 -
When steel companies are cutting production
Since July, the “look back” inspection work of steel capacity reduction in various regions has gradually entered the implementation stage. “Recently, many steel mills have received notices requesting reductions in production.” Mr. Guo said. He provided a reporter from the ...Read more -
Can the steel market rebound last?
At present, the main reason for the rebound of the domestic steel market is the news that the output is reduced again from various places, but we must also see what is the essential reason behind the inducement? The author will analyze from the following three aspects. First, from the perspective...Read more -
China Exporting Keep Rising
On the 7th of June, the latest data released by the General Administration of Customs of China showed that the total value of China’s imports and exports in May was 3.14 trillion yuan, a year-on-year increase of 26.9%, an increase of 0.3 percentage points from the previous month, and an inc...Read more -
World Steel Association: Global Crude Steel Production in April 2021
In April 2021, the crude steel output of 64 countries included in the statistics of the World Iron and Steel Association was 169.5 million tons, increasing by 23.3% year on year. In April 2021, China’s crude steel output was 97.9 million tons, up 13.4 percent year on year; India’s cru...Read more -
March 8 steel market morning paper
[Futures Market Analysis] The night before the 8th day, the snail 2105 opened 4701, the bottom picked up, the highest 4758, the lowest 4701, closed 4749, up 31 or 0.66%. Snail short – term partial strong, multi – single bargain increment warehouse [Steel market trends] Iron ore: 8 iro...Read more -
Weekly overview of the raw materials market
Last week, the price of raw materials in the domestic market rose steadily, and the price of iron ore rose sharply.Coke prices overall stable, although individual steel mills proposed to reduce the coke purchase price, but coking enterprises do not accept, coke prices in the short term is difficu...Read more -
By the epidemic disturbance before the Spring Festival steel city or into the off-season in advance
At present, in the case of no other good negative effects, hebei and other places became hong kong-listed epidemic situation of heilongjiang province’s main influence factors In my opinion, under disturbances in the outbreak, hong kong-listed before the Spring Festival is likely to enter th...Read more -
Tianjin Rainbow Steel Group
Tianjin Rainbow Steel Group has complete cold forming, punching and welding equpment and rich experienced staff team. The products in clude ASTM standard WF beam solar foundation piles, cold-formed C/U-type ground piles, support rails, and torque square tubes/round pipes for solar trackers and va...Read more -
U.S. exports of hot-rolled coil fell 33.2 percent in November from the previous month
According to the U.S. department of commerce export data, to November 2020, the United States hot rolled sheet exports of 59956 tons, down 33.2% compared with October, but the growth of 45.2% by value in November 2019, hot-rolled coil, November exports to $46.5 million, for $63.7 million last mon...Read more -
Tianjin stainless steel market trading volume in 2020, the amount of double year-on-year decline is expected in January 2021 market market is weak
According to Xing Zhongying, president of Tianjin Stainless Steel Association and general manager of Tianjin stainless steel market, Tianjin stainless steel will be manufactured by Tianjin stainless steel in 2020 The trading volume in the timber market was 57,030 tons, down 21.64% year-on-year;Th...Read more -
On January 1, 2021, the China-Mauritius Free Trade Agreement officially came into effect
New Year’s Day holiday, import and export enterprises ushered in two countries of origin preferential policy “gift package”.According to Guangzhou Customs, on January 1, 2021, the Free Trade Agreement between the Government of the People’s Republic of China and the Governm...Read more -
Basics Of The Grid
The grid is a network that connects electric power generation plants to high voltage lines which carry electricity over some distance to substations – “transmission”. When a destination is reached, the substations decrease the voltage for “distribution” to medium vol...Read more
