News
Egang Successfully Developed a New Product - the EH40Z35 High-Strength Ship Plate
Recently, Echeng Iron and Steel successfully developed the EH40Z35 high-strength ship plate. In addition, the product has been certified by the China Classification Society (CCS). This product's successful trial production and certification have enabled Egang's TMCP high-strength ship plate to achieve full coverage of strength levels.
Tanggang Successfully Trial-produced Ultra-thin High-strength Quenching and Partitioning Steel
Recently, Tangshan Iron and Steel Company of Hesteel Group successfully trial-produced 0.9 mm ultra-thin 980 MPa high-strength quenching and partitioning steel. This not only expanded Tangshan Iron and Steel's order specification range in this field but also marked Tangshan Iron and Steel's breakthrough in technical innovation and product upgrading of third-generation automotive steel.
China's high-carbon ferrochrome (FeCr) market has come under significant pressure
Going forward, weak demand from end-users in the stainless sector could exert further downward pressure on FeCr prices, cautions a Wuxi-based analyst.
In the field of global trade, China’s export growth is impressive, with 199 countries and regions experiencing significant export growth.
In the field of global trade, China’s export growth is impressive, with 199 countries and regions experiencing significant export growth. The general surge in exports reveals significant trends and changes in the international market landscape.
Chinese HRC export prices rebound slightly
In the Chinese market, the 304-grade stainless steel industry showed signs of improvement, with both cold-rolled coil (CRC) and hot-rolled coil (HRC) prices rising slightly from July 24 to 31. This positive trend is attributed to stronger cost support and reduced inventory levels within major commercial warehouses.
According to Mysteel’s weekly market review, China’s commercial grade hot-rolled coil (HRC) export prices showed a welcome increase last week after four weeks of declines.
According to Mysteel’s weekly market review, China’s commercial grade hot-rolled coil (HRC) export prices showed a welcome increase last week after four weeks of declines. This development is a positive sign for the industry and indicates a potential turnaround in the market. However, despite rising prices, export transactions for this flat product remain limited.
The global decarbonization drive is turning electrical steel into one of China's key ferrous products, with electrical steel exports surging in recent years, sources told Fastmarkets
Electrical steel has become China’s star product in the global decarbonization wave. As the world shifts to clean energy and technology, demand for electrical steel, a key component in the production of energy-efficient electrical equipment, has surged.
China’s domestic stainless steel prices rise following metal sanctions on Russia
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component。
Why China’s new 2024 steel output cut policy is altering value chain dynamics
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity