News
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The negative growth trend of China’s steel demand will continue until next year
The World Steel Association stated that from 2020 to early 2021, China’s economy will continue its strong recovery. However, since June this year, China’s economic development has begun to slow down. Since July, the development of China’s steel industry has shown obvious signs o...Read more -
ArcelorMittal, the world’s largest steel mill, implements selective shutdown
On October 19th, due to high energy costs, ArcelorMita’s long products business, the world’s largest steel mill, is currently implementing some hourly systems in Europe to suspend production. At the end of the year, production may be further affected. The Italian Hehuihui furnace stee...Read more -
Shenzhou 13 lifts off! Wu Xichun: Iron Man is proud
For a long time, a number of excellent steel production enterprises in China have devoted themselves to the production of materials for aerospace use. For example, over the years, HBIS has assisted manned spaceflight, lunar exploration projects, and satellite launches. The “Aerospace Xenon&...Read more -
Soaring energy prices have caused some European steel companies to implement peak shifts and stop production
Recently, ArcelorMittal (hereinafter referred to as ArcelorMittal)’s steel branch in Europe is under pressure from energy costs. According to foreign media reports, when the electricity price reaches its peak in the day, Ami’s electric arc furnace plant producing long products in Euro...Read more -
IMF downgrades forecast for global economic growth in 2021
On October 12, the International Monetary Fund (IMF) released the latest issue of the World Economic Outlook Report (hereinafter referred to as the “Report”). The IMF pointed out in the “Report” that the economic growth rate for the whole year of 2021 is expected to be 5.9...Read more -
In the first half of 2021, global stainless steel crude steel production increased by about 24.9% year-on-year
Statistics released by the International Stainless Steel Forum (ISSF) on October 7 show that in the first half of 2021, global stainless steel crude steel production increased by approximately 24.9% year-on-year to 29.026 million tons. In terms of several regions, the output of all regions has in...Read more -
World Steel Association announced the finalists for the 12th “Steelie” Award
On September 27, the World Steel Association announced the list of finalists for the 12th “Steelie” Award. The “Steelie” award aims to commend member companies that have made outstanding contributions to the steel industry and have had an important impact on the steel indu...Read more -
Tata Steel becomes the world’s first steel company to sign the Maritime Cargo Charter
On September 27, Tata Steel officially announced that in order to reduce the company’s “Scope 3” emissions (value chain emissions) generated by the company’s ocean trade, it has successfully joined the Maritime Cargo Charter Association (SCC) on September 3 , Becoming the first steel company in t...Read more -
The U.S. makes the fifth anti-dumping sunset review final ruling on carbon steel butt-welded pipe fittings
On September 17, 2021, the U.S. Department of Commerce issued an announcement stating that the fifth anti-dumping final review of carbon steel butt-welded pipe fittings (CarbonSteelButt-WeldPipeFittings) imported from China, Taiwan, Brazil, Japan and Thailand will be finalized. If the crime is ca...Read more -
Government and enterprises join hands to ensure coal supply and stable prices are at the right time
It is learned from the industry that relevant departments of the National Development and Reform Commission have recently convened a number of large coal and power companies to study the coal supply situation this winter and next spring and work related to ensuring supply and price stability. The...Read more -
South Africa makes a ruling on the safeguard measures for imported angle profile products and decides to terminate the investigation
On September 17, 2021, the South African International Trade Management Commission (on behalf of the Southern African Customs Union-SACU, the member states of South Africa, Botswana, Lesotho, Swaziland and Namibia) issued an announcement and made a final ruling on the safeguard measures for angle...Read more -
Steel prices in the domestic market fell slightly in August
Analysis of the factors of steel price changes in the domestic market In August, due to factors such as floods and repeated epidemics in some areas, the demand side showed a slowdown; the supply side also declined due to the impact of production restrictions. Overall, the supply and demand of the...Read more -
Packing and shipping of galvanized square pipes on September 18, 2021
In March 2021, Rainbow Steel received inquiries from new customers. The product needed this time is a galvanized rectangular tube. Since the customer is cooperating with our company for the first time, the sales specialist believes that the customer must understand Rainbow Steel, Only by understa...Read more -
India’s largest iron ore producer cuts ore prices for 3 consecutive months
Affected by the international steel price survey, India’s largest iron ore producer-National Minerals Corporation of India (NMDC) produced iron mobile phone prices for three consecutive months. It is rumored that it has set its domestic ferroelectric price to NMDC 1,000 rupees/ton (approximately ...Read more -
Coal prices continue to rise, and downstream smelting companies are under pressure
Under the influence of production restriction policies and boosting demand, the coal futures “three brothers” coking coal, thermal coal, and coke futures all set new highs. “Big coal users” represented by coal power generation and smelting have high costs and cannot. Accor...Read more -
Shipment of Dubai C channel in September 2021
Since the end of last century, Rainbow group has been focused on the iron and steel industry for decades, gradually opening up multi-channel external publicity to boost products. Every year, Xinyue will participate in about 500 different type projects all over the world and support lots of tradin...Read more -
FMG achieves the best performance in history in fiscal year 2020~2021
FMG released its financial performance report for the fiscal year 2020-2021 (June 30, 2020-July 1, 2021). According to the report, FMG’s performance in the 2020-2021 fiscal year reached a record high, achieving sales of 181.1 million tons, a year-on-year increase of 2%; sales reached US$22.3 bill...Read more -
Huanghua port imported Thai iron ore for the first time
On August 30, 8,198 tons of imported iron ore was cleared at Huanghua Port. This is the first time that Huanghua Port has imported Thai iron ore since the opening of the port, and a new member has been added to the source country of iron ore imports at Huanghua Port. The picture shows the customs...Read more -
The U.S. initiates a double anti-sunset review of hot-rolled steel plate investigations
On September 1, 2021, the U.S. Department of Commerce issued an announcement to initiate an anti-dumping sunset review investigation on hot-rolled steel plates (hot-rolled steel products) imported from Australia, Brazil, Japan, South Korea, the Netherlands, the Netherlands, Turkey, and the United...Read more -
General Administration of Customs: China exported 5.053 million tons of steel products in August, a year-on-year increase of 37.3%
According to the General Administration of Customs on September 7, 2021, on September 7, 2021, China exported 505.3 tons of goods in August 2021, a statistical increase of 37.3% and a month-on-month decrease of 10.9%; the cumulative export of steel products from January to August was 4810.4 tons....Read more -
The EU launches the CORALIS demonstration project
Recently, the term Industrial Symbiosis has received widespread attention from all walks of life. Industrial symbiosis is a form of industrial organization in which waste generated in one production process can be used as raw material for another production process, so as to achieve the most effi...Read more
