Industry News
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China’s Steel Exports Hit a New High and Continue to Remain the World’s Number One! The Global Trade Pattern is Quietly Changing
With the gradual recovery of the global economy, steel, as the backbone of industrial development, has once again become the focus of international trade. According to the latest data released by the World Steel Association, the global steel trade volume (including rolled materials and semi-finis...Read more -
Is Protectionism or Strategic Game Causing Waves in the Steel Market?
According to data from the General Administration of Customs, China’s steel exports have exceeded 100 million tons in 2024, and the proportion of exports in China’s steel sales structure has significantly increased. However, due to the impact of tariffs, some experts predict that Chin...Read more -
The World Steel Association Predicts That Global Steel Demand Will Continue to Grow in the Next Two Years
On April 9th London time, the World Steel Association released the April 2024 edition of its short-term steel demand forecast report, predicting a 1.7% rebound in global steel demand in 2024, reaching 1.793 billion tons; By 2025, global steel demand is expected to increase by 1.2%, reaching 1.815...Read more -
Global Steel Industry Update: Innovations and Trends Shaping the Future
The global steel industry is experiencing significant tra nsformations driven by technological advancements and shifting market dynamics. Steel companies worldwide are at the forefront of these changes, implementing innovative strategies to enhance productivity, sustainability, and competitivene...Read more -
Global Steel Industry Faces Challenges: Crude Steel Production In August Significantly Declines Year-on-year
Summary: Recently, the World Steel Association released the latest statistical data, revealing the severe situation faced by the global steel industry in August 2024. Data shows that the total crude steel production of 71 countries included in the statistics reached 144.8 million tons worldwide i...Read more -
BHP.US Escondida Copper Mine Workers Go On Strike
According to Kallanish on August 14th, workers at the Escondida copper mine in Chile went on strike on the morning of August 13th after local unions failed to reach an agreement with BHP Billiton. The above-mentioned union stated that its negotiations with BHP did not make “substantial prog...Read more -
Steelmaker says it will spend $110 million on upgrades to its steel plate production system in Baytown, Texas.
Steel manufacturer, Steelmaker, has announced a significant investment of $110 million in upgrading its steel plate production system in Baytown, Texas. This move is expected to enhance the company’s production capabilities and further solidify its position in the steel industry. The investment w...Read more -
Understanding the Steel Market in Saudi Arabia
Saudi Arabia intends to invest about $12 billion in steel projects to increase steel production and meet the significant growth in domestic demand. The investment is part of the country’s efforts to diversify its economy and reduce its reliance on oil revenues. The investment will focus on expand...Read more -
What are the eight major steel grades？
The eight major steel grades include: Hot rolled coil: a steel plate made by high-temperature hot rolling processing, with rust on the surface and poor mechanical properties, but with lower processing and cost. Cold rolled coil: Steel plate processed by cold rolling process, with a smooth surface...Read more -
Exploring the Advantages of Welding Carbon Steel Round Pipes
Welding carbon steel round pipes offers numerous advantages that make it a popular choice for many industries. Whether it’s for construction, manufacturing, or infrastructure projects, carbon steel round pipes are a versatile and durable option that can withstand a variety of environmental ...Read more -
Reviewing 2023, The Steel Market Is Moving Forward Amidst Fluctuations
Looking back at 2023, the overall global macroeconomic performance was weak, with strong expectations and weak reality in the domestic market colliding fiercely. Steel production capacity continued to be released, and downstream demand was generally weak. External demand performed better than dom...Read more -
Supply and Demand of Deformed Steel Bars
1、 Production Coarse steel is the raw material for casting steel plates, pipes, bars, wires, castings, and other steel products, and its production can reflect the expected production of steel. The production of crude steel showed a significant increase in 2018 (mainly due to the release of crud...Read more
