News

  • Inventory pressure is gradually emerging, steel market is not confident enough to wait for demand to exert force

      Although the market temporarily stopped the impact of the market decline caused by the negative impact of US CPI data and interest rate hikes, black futures rebounded slightly overnight to correct the market. However, the market mentality is still unstable, and there are many people who have di...
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  • Impact on Steel Prices and Supply

    With an annual capacity of 1.5 million short tons, the pending closure will narrow overall U.S. capacity. That said, the domestic market continues to grapple with a supply glut. This issue has led to falling prices for HRC, CRC and HDG since late April. Beyond that, new capacity continues to come...
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  • Prices rise, market uncertain.

    S hot-rolled coil (HRC) prices increased slightly this week as the market remained uncertain of direction amid continued subdued demand. The Argus weekly domestic US HRC Midwest assessment increased by $20/short ton (st) to $800/st, while the southern assessment edged up by $2.25/st to $800/st. H...
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  • Chinese steel prices remain range bound

    According to the latest monthly report of the China Iron and Steel Association (CISA), Chinese steel prices should remain range-bound in the future, given market expectations that supply and demand will be in balance again. The association pointed out that with the steady recovery of China’...
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  • The age of green steel is coming

    The world would look very different without steel. No railways, bridges, bikes or cars. No washing machines or fridges. Most advanced medical equipment and mechanical tools would be almost impossible to create. Steel is essential for the circular economy, and yet some policymakers and NGOs contin...
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  • How to prevent the development of wet storage stain or white rust?

    To avoid the likelihood of wet storage stain developing, please follow the instructions : 1.Don’t stack newly galvanized articles on top of each other, and don’t store them too close together 2.Store inside if possible, off the ground and at an incline 3.Ensure there is plenty of free-flowing air...
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  • What is the white rust on galvanized steel?

    While wet storage stain or ‘white rust’ rarely impairs the protective ability of a galvanized coating, it’s an aesthetic blight that’s fairly easy to avoid. Wet storage stain occurs when freshly galvanized materials are exposed to moisture such as rain, dew or condensation (high humidity), and re...
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  • TO Foresee Steel Market Trend

    GlobalGrowth On China, BHP expects demand to improve in fiscal 2023, although it also nodded to lingering risks from Covid-19 lockdowns and the deep slump in construction. The world’s No.2 economy will be a source of stability in the coming year and “perhaps something much more than that” if prop...
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  • Investment on Solar Energy increasing

    IEA report, global energy investment will grow by 8% in 2022, surpassing the 300GW mark for the first time, reaching $2.4 trillion, accounting for nearly three-quarters of the overall energy investment growth. Solar energy is expected to account for 60% of global renewable energy additions this y...
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  • Gasoline prices may have peaked for the summer and could be headed below $4

    Gasoline prices have been heading lower for the past month, and are expected to fall even lower — possibly below $4 a gallon — as drivers cut back on spending at the pump. Analysts say average prices may have peaked in June, at $5.01 per gallon, and are not likely to go back to that level unless ...
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  • India Steel Expansion

      Tata Steel NSE -2.67 % has planned capital expenditure (capex) of Rs 12,000 crore on its India and Europe operations during the current financial year, the company’s Chief Executive Officer T V Narendran said. The domestic steel major plans to invest Rs 8,500 crore in India and Rs 3,...
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  • Strikes sweep the world! Shipping warning in Advance

    Recently, food and energy prices have continued to soar due to inflation, and wages have not kept up. This has led to waves of protests and strikes by drivers of ports, airlines, railways, and road trucks around the world. Political turmoil in various countries has made supply chains even worse. ...
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  • Mexico starts the first sunset review investigation on anti-dumping of coated steel plates to China

    On June 2, 2022, the Ministry of economic affairs of Mexico announced in the official gazette that, at the application of the Mexican enterprises ternium m é xico, S.A. de C.V. and tenigal, S. de R.L. de C.V., it decided to launch the first anti-dumping sunset review investigation on coated steel...
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  • In April, the global crude steel output decreased by 5.1% year-on-year

    On May 24, the World Steel Association (WSA) released the global crude steel production data in April. In April, the crude steel output of 64 countries and regions included in the statistics of the world steel association was 162.7 million tons, a year-on-year decrease of 5.1%. In April, Africa&#...
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  • The US Department of Commerce announced the suspension of steel tariffs on Ukraine

    The US Department of Commerce announced on the 9th local time that it would suspend tariffs on steel imported from Ukraine for one year. In a statement, U.S. Commerce Secretary Raymond said that in order to help Ukraine recover its economy from the conflict between Russia and Ukraine, the United ...
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  • 310 million tons! In the first quarter of 2022, the global production of blast furnace pig iron decreased by 8.8% year-on-year

    According to the statistics of the world iron and Steel Association, the output of blast furnace pig iron in 38 countries and regions in the first quarter of 2022 was 310 million tons, a year-on-year decrease of 8.8%. In 2021, the output of blast furnace pig iron in these 38 countries and regions...
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  • Xinjiang Horgos Port imported more than 190000 tons of iron ore products in the first quarter

    On the 27th, according to the statistics of Horgos customs, from January to March this year, Horgos Port imported 197000 tons of iron ore products, with a trade volume of 170 million yuan (RMB, the same below). According to reports, in order to deepen international cooperation in energy and miner...
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  • South Korea temporarily does not impose temporary anti-dumping duties on seamless copper pipes related to China

    On April 22, 2022, the Ministry of planning and finance of the Republic of Korea issued announcement No. 2022-78, deciding not to impose temporary anti-dumping duties on seamless copper pipes originating in China and Vietnam. On October 29, 2021, South Korea launched an anti-dumping investigation...
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  • Vale’s iron ore production fell 6.0% year-on-year in the first quarter

    On April 20, Vale released its production report for the first quarter of 2022. According to the report, in the first quarter of 2022, Vale’s iron ore powder mineral volume was 63.9 million tons, a year-on-year decrease of 6.0%; The mineral content of pellets was 6.92 million tons, a year-o...
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  • POSCO will restart Hadi iron ore project

    Recently, with the soaring price of iron ore, POSCO plans to restart the hardey iron ore project near Roy Hill Mine in Pilbara, Western Australia. It is reported that API’s hardy iron ore project in Western Australia has been shelved since POSCO established a joint venture with Hancock in 2...
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  • BHP Billiton and Peking University announced the establishment of the “carbon and climate” doctoral program for unknown scholars

    On March 28, BHP Billiton, Peking University Education Foundation and Peking University Graduate School announced the joint establishment of Peking University BHP Billiton’s “carbon and climate” doctoral program for unknown scholars. Seven internal and external members appointed...
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