News
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ESC Steel Malaysia 132kV substation was put into operation
The International Energy Network learned that recently, the “Malaysia ESC Steel Company 132kV/2*63000kVA double double main transformer” substation general contract project was successfully powered on and put into operation. The project, which was launched in October 2020, is located ...Read more -
A thousand miles away! Steel fell more than 60! Iron ore below 1000! Steel prices low?
Fed rate cut forecast delayed According to CME’s “Fed Watch,” there is a 30.8 percent chance that the Fed will keep rates unchanged by March. Interest rate cut is expected to be delayed, the dollar index rose, bearish commodities. With the data released by the US Department of L...Read more -
Review the top 10 hot spots of global steel in 2023
1. Nippon Steel announced its acquisition of U.S. Steel On December 18, Nippon Steel announced plans to buy U.S. Steel in cash and turn it into a wholly-owned subsidiary at a transaction price of $55 per share, for a total amount of about $14.9 billion. Based on the closing price of U.S. Steel sh...Read more -
China’s Steel Market in 2024: Cautious Optimism Amid Macroeconomic Adjustments
As China’s steel market enters the new year, the macro environment is poised to seek progress while maintaining stability. With a focus on promoting stability, the domestic demand for steel in 2024 shows signs of cautious optimism. The country is set to witness stronger counter-cyclical and...Read more -
China’s Steel Industry to Witness Growth in 2024
As China looks forward to the year 2024, experts predict that the general direction of stable economic growth will remain unchanged. The national economic growth rate is expected to hover around 5%, and this positive trend is expected to have a direct impact on the steel industry. It is anticipat...Read more -
China’s Steel Export Data Shows Impressive Numbers in 2023, What to Expect in 2024
China’s steel export data in 2023 was undeniably impressive, and many are now looking forward to what the situation will be like in 2024. The preliminary analysis mainly presents two major features for the upcoming year. The first is the expectation that China will maintain a large quantity...Read more -
How to deduce China’s steel export situation at the end of the year?
In a recent survey conducted by the China Internet of Things Steel Logistics Professional Committee, it has been revealed that the export order index of the country’s steel industry has continued to shrink. This is largely attributed to the lack of prosperity in overseas manufacturing, lea...Read more -
Navigating the Volatile Domestic Steel Market Environment and Conditions
In November, the domestic steel market experienced a volatile upward trend driven by strong expectations of macroeconomic policies and the gradual effect of steel mills’ production reductions becoming apparent. The demand for rush work was concentrated, leading to a surge in market conditio...Read more -
China’s Steel Export Environment Expected to Improve in 2024
In 2024, China’s macro-economy is predicted to experience a continued recovery, showcasing an overall rebound trend. Various demand-related indicators are also expected to witness improved growth levels, auguring well for the steady growth trend of the total steel market demand. It is proje...Read more -
Challenges and Opportunities for Domestic Steel Industry Amidst Fluctuating Market Conditions
In October, the domestic steel market faced a multitude of challenges, with various factors impacting its overall performance. Despite the continued recovery of the domestic economy and the effectiveness of early policy implementation, the steel industry witnessed resistance due to the ineffectiv...Read more -
Details and applications of corrugated panels
Corrugated plate is also called pressure plate, the use of color coated steel plate, galvanized plate and other metal plate by rolling cold bending into a variety of wave shape of the pressure plate, it is suitable for industrial and civil buildings, warehouses, special buildings, long-span steel...Read more -
Can see the high point can not lock the profit steel market how is good?
Since this week, the steel price has risen significantly compared with last week, the average price of the two varieties of hot coil is 70-80 yuan higher than last week, the average thread plate has also increased by about 100 points, and the price quotation of East China rebar has exceeded the 4...Read more