Indonesia to uspend new RKEF smelting project
Indonesia will suspend new RKEF smelting projects, what impact will it have on the stainless steel industry? According to Indonesian media news on November 21, the Indonesian government asked to predict the possibility of a decline in stainless steel supply according to the suspension plan of new investment in the construction of a rotary kiln […]
Wujin Stainless High-end Nickel Alloy Seamless Pipe and Components Project Progress
Wujin Stainless High-end Nickel Alloy Seamless Pipe and Components Project Progress The Wujin Stainless High-end Nickel Alloy Seamless Pipe and Components Project has a total investment of 3.23 billion yuan, a total land area of 500 acres, a construction area of 370,000 square meters, and the first phase of 107 acres. The overall project will […]
Jinhai 1050mm Stainless Steel Production Line Project
Jinhai 1050mm stainless steel full continuous rolling green production line project completed and put into operation On November 15, Changzhou District held a ceremony for the centralized start and completion of major projects in the fourth quarter of 2022 and the completion and commissioning of the Jinhai 1050mm stainless steel full continuous rolling green production […]
Invested 1.5 billion yuan in high-quality stainless steel industrial welded pipes
Invested 1.5 billion yuan and signed contracts for high-quality stainless steel industrial welded pipes and other projects On November 11, the Taizhou (Shanghai) City and Industry Investment Environment Promotion Conference was held to comprehensively strengthen the cooperation between Taizhou and Shanghai in the fields of advanced manufacturing, modern service industry, and technological innovation talents. Among […]
Nippon Steel’s November 2022 nickel series stainless sheet contract prices continue to rise and chromium series down
Nippon Steel Stainless Co., Ltd. announced on October 9 that it will increase the domestic contract prices of nickel-based stainless steel cold-rolled sheets and medium-thick plates such as SUS304 signed in November 2022 by 5,000 JPY/ton, and SUS430 and other chromium-based stainless steel cold-rolled sheets. The domestic contract price is lowered by 5,000 JPY/ton, and […]
Yongjin Cold Rolled Stainless Steel production capacity will exceed 5 million tons
Yongjin will achieve a global production capacity of over 5 million tons of cold rolled stainless steel in the future As of the end of September 2022, the production capacity of the cold rolled stainless steel sheet and strip production lines that Yongjin has put into production is 218,500 tons of precision cold rolled stainless […]
Profits of secondary aluminum companies are sluggish in October, and demand may weaken in November
In the past October, the aluminum price showed a trend of shock and fall. The aluminum price fell below the 18,000 mark again. As of the end of the month, the cumulative decline reached 4.02%. During the month, due to the market outflow from the LME and the rumor that the United States was considering […]
Korea imposes ADD on Chinese photosensitive aluminum plate double-coated pre-coated
South Korea imposes anti-dumping duties on Chinese photosensitive aluminum plate double-coated pre-coated On October 25, 2022, the Ministry of Planning and Finance of South Korea issued Announcement No. 2022-203. According to Order No. 940 of the Ministry of Planning and Finance, the double-coated aluminum double-coated photosensitive plate originating in China with a length of not […]
Steel Demand in 2023
World Steel Association: In 2023, steel demand will recover by 1.0% to 1.8147 billion tons Brussels, Belgium, October 19, 2022, world steel released the latest short-term (2022-2023) steel demand forecast report. The report shows that global steel demand will fall by 2.3% to 1,796.7 million tonnes in 2022, following a 2.8% increase in 2021. In […]
Adjust the Price of Hot Rolled Products – Korea
Tighter supply Korean importers and distributors are adjusting unit prices of hot rolled products Korean media reported that some stainless steel importers and distributors are adjusting the unit prices of products such as hot rolling. From the 17th, the sales price of 304 HRC will increase by 50,000 won/ton for companies planning to raise prices. […]
