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2019-02-23
Steel industry dynamics: The recent phase of rising prices in the steel market may continue.
From April 5 to April 8, the national steel market showed an upward trend, with most regions experiencing price increases for construction steel. The price increases varied significantly across different areas, with the price of construction steel in Beijing rising by around 280 yuan/ton, while in places like Shanghai and Guangzhou, the increase was around 80 to 90 yuan/ton.
2019-02-23
Wuhan Steel has achieved results in going global, with the CLM project in Canada from mine to port.
On September 17 at 17:28, the "Hehai" vessel, loaded with the first batch of iron concentrate from Canada’s CLM company, slowly docked at Wharf No. 1 of the Wugang Industrial Port. This is another substantial achievement of Wugang's "going out" strategy following the arrival of the first batch of iron concentrate from Brazil's MMX company on August 15.
2019-02-23
The expected effects of power restrictions and production cuts in the industry began to emerge one week after implementation, with iron ore prices experiencing their first decline this year. Recently, news from major domestic steel mills indicated that Vale, Rio Tinto, and BHP have all provided their latest price quotation letters, with the overall contract prices for the fourth quarter dropping by more than 10% compared to the previous quarter.
2019-02-23
Both production and inventory have decreased, and Baowu Steel has slightly raised steel prices.
Sina Finance reported on the morning of September 20 that Ansteel Corporation announced its product pricing policy for October on the 19th, with major products increasing by 50-380 yuan/ton. Thus, the pricing policies of the three major steel companies, Baosteel, Wuhan Steel, and Ansteel, have all been released, mainly featuring slight increases.
2019-02-23
Ansteel Group acquired 14% of the shares of the American Steel Development Company.
Anshan Iron and Steel Group, one of China's largest steel manufacturers, is accelerating a controversial investment in the United States, despite strong opposition from U.S. lawmakers and industry associations.
2019-02-23
Steel prices have slightly risen, while the decline in ore prices has led to a decrease in costs.
On September 21, the steel industry opened slightly higher today, with more than half of the stocks rising. Dongfang Securities recently released a research report indicating that ore prices continue to decline, and steel mill costs have slightly decreased. Social inventory continues to decrease slightly, alleviating inventory pressure significantly compared to the beginning of the year, providing favorable conditions for a rebound in the steel market. Currently, Xining Special Steel is up 1.34%, Xin Steel Co. is up 1.13%, Xinxing Ductile Iron Pipes is up 1.05%, and Jiuli Special Materials is up 1.04%.
2019-02-23
The 5th China (Foshan) Steel, Metal Sheet, Strip, and Pipe Exhibition
The CFME held every spring is favored by industry enterprises because its timing coincides with the golden period for ordering and negotiating agency cooperation for metal materials after the Spring Festival. This allows exhibitors to seize market initiative, and the advantages of the exhibition's timing and professional effectiveness have been validated in practice.
2019-02-23
The 12th Guangzhou International Metal and Metallurgical Industry Exhibition, Invitation for the 12th Guangzhou Metal Plate, Pipe, Bar, Wire, and Metal Processing and Supporting Equipment Exhibition. Organized by: Guangzhou Julang Exhibition Planning Co., Ltd.
2018-12-25
Five Development Points of Glass Fiber in the Composite Materials Industry Chain
Composite materials play a significant role in the fields of construction and structures, and there is great potential for development in the industrial equipment sector. Meanwhile, the downstream application areas of fiberglass in the domestic market still need further development. According to the current focus of the composite materials industry chain, the fiberglass industry faces five development points.
2018-12-25
The country's first all-composite multi-purpose drone has successfully completed its maiden flight.
The Wing Loong I-D drone has made significant improvements in takeoff weight, altitude, flight time, and communication by adopting a fully composite material structure, making it applicable in security fields such as intelligence gathering, surveillance, reconnaissance, counter-terrorism, border patrol, drug enforcement, and anti-smuggling.
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