Company News
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Stainless steel seamless tube spot market price to follow down after entering the adjustment repair stage
Affected by the Federal Reserve and the international bank event, the stock market and futures market fell sharply, driving domestic futures down, stainless steel seamless tube spot market price followed the decline into the adjustment and repair stage, plus when the traditional consumption seaso...Read more -
What is the difference between hot rolled stainless steel sheet and cold rolled？
Cold rolling: It is processed and rolled on the basis of hot rolled stainless steel plate roll. Generally speaking, it is a process of hot rolling → pickling → cold rolling. Although in the process because of rolling will also make the steel plate temperature, in spite of this is still called col...Read more -
Stainless steel welded and seamless pipe export to Congo
On the 01-Aug-22, the order for welded and seamless tube is packing completely and ready to export to Africa. So the manager of our company Mr. Hou has traveled to the factory in Wuxi City from Liaocheng Shandong Pro. Even though the weather is extremly hot, the workers and manager of our company...Read more -
The mood repair interval oscillates
After a sharp decline in the early stage, the market panic was released, in the period of snail rebound driven by the low price of domestic construction steel this week – market trend and our forecast last week “hit a new low, decline to see slow” basically consistent. Due to th...Read more -
The price for steel items is starting going up hopefully will reach expectant
At present, the resumption of work and production is proceeding steadily. According to the electricity consumption monitored by power grid enterprises, the electricity consumption of the non-ferrous metal industry has reached the normal level last year. Electricity consumption in pharmaceutical, ...Read more -
The price for steel items has been at the bottom level already
Today in the thick plate market prices slightly higher, most of the performance, demand has improved today. By the end of the close, the main futures market has risen, although the margin is not large, but the market pessimism has changed, the spot market trading slightly improved, spot prices at...Read more -
The two sides discussed and exchanged views on strengthening industry-university-research cooperation, transformation of scientific and technological innovation achievements, and paths to achieve c...
Bao Xinhe, academician of Chinese Academy of Sciences, President of University of Science and Technology of China and director of Carbon Neutrality Institute, led a team to visit Nansteel. The two sides discussed and exchanged views on strengthening industry-university-research cooperation, trans...Read more -
The local steel industry does not seem satisfied with this sudden surprise
The local steel industry does not seem satisfied with this sudden surprise. Jindal Steel and Power (JSPL), India’s fifth largest crude Steel producer, may be forced to cancel orders to European buyers and suffer losses after an overnight decision to impose export duties on Steel products, m...Read more -
Steel is a basic material with rigid demand. But at present, resource bottleneck and environmental pressure are becoming more and more intense to the development of iron and steel substantial const...
On May 30, the Ministry of Finance issued the “Opinions on Financial Support to Achieve Carbon Neutrality at peak Level”, specifying six key directions and areas for financial support, among which green and low-carbon transformation in key industries is one of them. Under the support ...Read more -
Throughout the recent trend of steel prices, coupled with futures shock fell, the spot market transaction is tepid, has gradually weakened in the near future
Throughout the recent trend of steel prices, coupled with futures shock fell, the spot market transaction is tepid, has gradually weakened in the near future. Coupled with the repeated fluctuations of the epidemic, trading in many places is restricted, and the time left for the peak season is run...Read more -
China’s steel industry still needs to maintain a certain scale in the process of China’s industrialization and urbanization
After reading Xi’s letter, I felt very kind and encouraged.” Of CPC Central Committee general secretary and state President and central military commission President xi jinping write back to the old professor of Beijing university of science and technology, the CPPCC national committe...Read more -
agency data showed India’s crude steel production in fiscal 20201/22 (ending March 2022) grew by 16% year-on-year
For steel, to hit a record high of 120 million tonnes, surpassing the all-time high of 111 million tonnes in fiscal 2018/19. India is the world’s second largest steel producer with a large population that requires large amounts of steel to build infrastructure for residential transportation...Read more
