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After a significant decline in the 304L stainless steel pipe market, can we expect a rebound? The recent downward trend in the 304L stainless steel pipe market is quite obvious, and there will be a technical rebound demand in the later stage, and the market will have a certain increase in repleni...Read more »
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Futures dynamics： Recently, the macro positive situation has continued to increase. The GDP of the first quarter announced in the morning increased by 4.5% year on year, 2.2% month on month compared with the fourth quarter of last year, which is much higher than expected. However, the growth ra...Read more »
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A material with good resistance to seawater corrosion and widely used in marine engineering. However, in practical engineering applications, various corrosion damages often occur in the connection parts of this stainless steel, especially in the welding area, resulting in significant losses. Ther...Read more »
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Raw material dynamics 1. Billet Futures fluctuated and adjusted in green, with traders showing a cautious mindset and limited trading volume. The cost side prices have been weakened and lowered. Relevant data shows that there are signs of a weakening trend in the rapid economic recovery, with mac...Read more »
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In March, the price of stainless steel tubes rose first and then fell. Can they recover their strength in April? One is to focus on the impact of various uncertain and disturbing factors overseas on commodity market sentiment from a macro perspective; The second is the reductio...Read more »
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After Indonesia’s ferronickel production increased and Indonesia’s Delong production plummeted, Indonesia’s ferronickel supply surplus intensified. In the case of profitable domestic ferronickel production, the production will increase after the Spring Festival, resulting in a s...Read more »
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Since February this year, the iron and steel industry has been affected by many factors, such as macro expectations and industrial contradictions. The core is still around the “recovery”. Macro policy, market confidence, the conversion of supply and demand contradictions, and inventor...Read more »
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Fu Linghui, a spokesman for the National Bureau of Statistics of the People’s Republic of China, said on Aug. 16 that rising international commodity prices have put more pressure on domestic imports this year as the economy continues to recover. The apparent rise in the PPI in the last two ...Read more »
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More steel producers in North and East China have been imposed on restrictive measures their daily production for pollution control during the celebration of the centenary of the Communist Party of China (CPC) on July 1. Steel mills in North China’s Shanxi province, also...Read more »
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The Regional Comprehensive Economic Partnership (RCEP /ˈɑːrsɛp/ AR-sep) is a free trade agreement between the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, South Korea, Thai...Read more »
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BEIJING (Reuters) - China’s crude steel output rose 12.9% in the first two months of 2021 compared with a year earlier, as steel mills increased production in expectation of more robust demand from the construction and manufacturing sectors. China produced 174.99 million...Read more »