News
-
The German government will invest 6 billion euros to assist local industrial enterprises in low-carbon transformation
German Minister of Economy and Energy Katherine Reiche has announced a funding plan worth 6 billion euros (approximately 7 billion US dollars) aimed at helping Germany's industrial low-carbon transformation, while also announcing the inclusion of carbon capture and stora...Read more -
International Steel Market Trends
Recently, the international steel market has been under continuous pressure, with prices generally declining. Multiple factors have intertwined, leading to significant changes in the supply-demand pattern. According to the latest data from the Wor...Read more -
International Steel Market Dynamics: Price Fluctuations and Resilience under Policy Gaming and Regional Differentiation
1、 Price trend: oscillation pattern under the interweaving of long and short positions International steel prices are under pressure and declining The Global Steel Price Index (CRU) has recently shown a fluctuating and weak trend, with the compos...Read more -
International Steel Market Dynamics: US Tariff Barriers and Intensified Global Demand Game
1、 Core event: US tariffs impact global trade pattern Key policy: The US government announced in October 2025 that it would impose a 25% tariff on Chinese steel, covering major categories such as hot-rolled coils and rebar, with a 5 percentage po...Read more -
Upgrading Saudi Steel Industry: Towards High end Manufacturing and Green Future
Riyadh, October 2025- In the wave of global economic transformation and green development, Saudi Arabia is promoting a deep adjustment of its steel industry structure towards high-end and sustainable development through policy guidance and international cooperation. This...Read more -
Global Steel Industry Dynamics: Parallel Green Transformation and Market Regulation
Recently, the global steel industry has witnessed a series of important developments, demonstrating a trend of parallel green transformation and market regulation. Global mining giant Rio Tinto has reached an important cooperation agreement with German steel manufacturer...Read more -
Global direct reduced iron production exceeds 140 million tons, India leads a new wave of growth
On August 25th, the latest "Global Direct Reduction Statistics" (hereinafter referred to as "Data") released by MIDREX Technology Company showed that the global direct reduction iron (DRI) production reached 140.8 million tons in 2024, an increase of 5.1 million tons com...Read more -
What is steel?
Steel is the world’s most important engineering and construction material. It is used in every aspect of our lives; in cars and construction products, refrigerators and washing machines, cargo ships and surgical scalpels. It can be recycled over and over again without lo...Read more -
Baigong Iron and Steel pioneers green rare earth super weather resistant steel to solve industry problems
A major scientific and technological achievement has been born in our city to solve the key bottleneck in the field of national strategic resources and basic materials. On August 18th, Qinhuangdao Baigong Steel Co., Ltd. and Shanghai University jointly developed green ra...Read more -
The Significant Increase in Chinese Steel Exports to Ukraine in the First Half of 2025 Has Drawn Attention to the Market Competition Landscape
According to statistics from the Ukrainian State Customs Administration, from January to June 2025, China's supply of rolled steel to the Ukrainian market increased significantly, with a year-on-year increase of 69.7%, reaching 869100 tons. Driven by this, the share of C...Read more -
Daye Special Steel Plans a New Global Cooperation Landscape for Aviation Materials
The highly anticipated 55th Paris Bourget International Air and Space Exhibition (referred to as the Paris Airshow) opened in the suburbs of Paris, France from June 16th to 18th. Liu Wenxue, General Manager of Daye Special Steel under CITIC Taifu Special Steel Group, led...Read more -
More enduring than diamonds? Unveiling the ‘Immortal Tube’ in Modern Architecture
Stainless steel pipe is a hollow, elongated circular steel material with characteristics such as corrosion resistance, high temperature resistance, and low temperature resistance. It is widely used in industrial transportation pipelines and mechanical structural componen...Read more
