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Domestic amorphous alloy soft magnetic industry enters a new stage of development

2024 - 07 - 16

Source: China Steel News At the 3rd Opportunities and Challenges of Amorphous Alloy Materials in the Development of Power Electronics Industry held recently, Zhang Hua, Secretary General of the Amorphous Alloy Materials Application Branch of China Electrical Equipment Industry Association, introduced the current development status of amorphous alloy soft magnetic materials industry. At presen...
Steel Industry's Response to Economic Downturn

2024 - 07 - 11

Source: China Metal Bulletin The global economy has witnessed periods of recession, posing significant challenges to various industries, and the steel sector is no exception. However, the steel industry has been proactive in formulating strategies to weather the storm and maintain stability.In the face of reduced demand due to economic slowdown, steel manufacturers have implemented measures t...
TMC2024 Drive Motor Symposium

2024 - 07 - 03

Source: Automobile society According to the consensus reached at the TMC drive motor symposium attended by more than 20 industry experts from vehicle, drive system, and motor companies earlier this year, key technological innovations for drive motors include rare earth motors, axial flux motors, new winding technologies, high-frequency insulation life assessment, efficient and innovative cool...
Vietnam's anti-dumping sunset review of H-beams against China

2022 - 09 - 02

Editor: Wen Xiaoxia Source: Ministry of Commerce On August 31, 2022, the Ministry of Industry and Trade of Vietnam issued Resolution No. 1640/QD-BCT of August 19, 2022, which made the first anti-dumping sunset review of H-beamin steel products originating in China (Vietnamese: thép hình chữ H), and decided to follow The anti-dumping duty...
The domestic scrap steel market is running strongly.

2022 - 08 - 17

China Metallurgical News (August 17, 2022 06th edition 6th edition)Information Statistics Department of China Scrap Iron and Steel Application AssociationLast week, the domestic scrap steel market operated strongly, the market mentality improved slightly, and the arrival of steel mills improved, but due to the hot and rainy weather, the base's receipt was generally low. Compared with the previ...

The World Bank warns that the Russian-Ukrainian crisis will hit the global economy. Institutions: Gl

2022 - 03 - 04

Source：My steel As the impact of the Russian-Ukrainian crisis continues to penetrate into all aspects of the economy, more and more political and economic officials and industry institutions are warning that the conflict may hit the global economy hard.David Malpass, President of the World Bank, recently warned to the British media: 'I think it's too early to say whether the war in Ukraine will lead to a global recession. However, it is obvious that this is a disaster for the world and will weaken global economic growth.Malpas said that the economic impact of the conflict has gone beyond Ukraine's borders, and the rise in global energy prices has hit the poor hardest, as has inflation.Malpas pointed out that Russia and Ukraine are both major food producers.' Food price...

The net withdrawal of the open market of 800 billion in the first week after the holiday does not hi

2022 - 02 - 11

Source：My steel In the first week after the holiday, the central bank's open market totaled a net withdrawal of 800 billion yuan, but benefiting from the cash return after the Spring Festival and other factors, the overall capital level remained stable and loose. At the same time, the increment of credit and social finance reached a record high in January, and the credit 'good start' was very successful.Industry insiders said that the January credit data reflected the initial effect of steady growth, and the market's confidence in policy efforts is expected to be strengthened. The improvement of financial data, coupled with the imminent interest rate increase of the Federal Reserve in March, the urgency of broadbanding currency has been reduced, and subsequent structur...

In 2021, China's import and export scale exceeded $6 trillion for the first time.

2022 - 01 - 14

Article source:My steelOn the morning of January 14, the Information Office of the State Council held a press conference. Li Kuiwen, spokesman of the General Administration of Customs and director of the Statistical Analysis Department, introduced the import and export of foreign trade in 2021.According to customs statistics, the total import and export value of China's goods trade in 2021 was 39.1 trillion yuan, an increase of 21.4% over 2020.In 2021, in dollar terms, China's import and export scale reached $6.05 trillion, breaking through the $6 trillion mark for the first time.

The world's first stainless steel with its own surface that can kill the novel coronavirus has been

2021 - 12 - 13

Source: Huang Mingxin Team, University of Hong Kong, Material Science and Engineering Editor: Zhang Yutian Stainless steel is one of the most widely used materials in public health, but it does not have the characteristics of combating harmful microorganisms. Earlier studies have shown that the novel coronavirus (SARS-Cov-2) has a strong stability on conventional stainless steel surfaces, remaining on stainless steel surfaces, and is still infectious after three days, giving the virus the opportunity to spread through contact in public places. The team led by Professor Huang Mingxin of the Department of Mechanical Engineering of the School of Engineering of the University of Hong Kong (HK) and the research team of Prof...

Global crude steel production fell 8.9% year-on-year in September

2021 - 11 - 03

Source: China Metallurgical News - EditorStaff Report (Reporter Zhu Xiaobo) On October 26, the World Steel Association (WSA) released the global crude steel production data for September. In September, the output of crude steel in 64 countries and regions included in the statistics of the World Steel Association was 1.444 billion tons, down 8.9% year-on-year.In September 2021, the output of crude steel in Africa was 140 million tons, an increase of 51.0% year-on-year; the output of crude steel in Asia and Oceania was 1.019 billion tons, a year-on-year decrease of 14.6%; the output of crude steel in the Commonwealth of Independent States was 820 million tons, a year-on-year decrease of 1.0%; and crude steel production in the European Union (27 countries) The volume was 1270 million tons, an...

Fe Limited becomes Australia's latest iron ore exporter

2021 - 10 - 11

Source: http://www.gtgqw.com Gangyi.comFe Limited (hereinafter referred to as Fe) celebrates its becoming Australia's latest iron ore exporter. Fe's stock price did not rise on the same day, but fell 4.44%, returning to the stock price at the beginning of the year, with a market value of 3800 million Australian dollars. However, the company's stock price still rose by 95% in a year. The emerging iron ore producer launched its first batch of high-grade iron ore from Geralton Port on October 2, which contains 60500 wet metric tons of massive iron ore products from the JD project. MV Bison sailed with these iron ore to a leading Southeast Asian steel mill, in which 50000 dry metric tons (dmt) products were hedged at 62% of the iron index price, with a net price of $160 per dr...

BLOG: Highlights of China's raw material markets in 2020

2021 - 09 - 08

ABSTRACTNo one would have expected the steelmaking raw materials prices including iron ore, coke and scrap to have attempted multi-year highs in December, a usual off season for steel consumption and production, but the year 2020 had been proven anything but normal, and many iron ore traders ended their 2020 in frustration, as iron ore prices shot up for seemingly no reason at all.Source: World Steel Association1. China’s blast furnace capacity utilization at record high China’s steel producers have been overall operating nonstop throughout 2020 even in the pandemic-struck months, and they ramped up their output fast starting March on the resumption of the economic and industrial activities. Starting late May, the blast furnace capacity utilization rate among China’s 247 ste...

Domestic scrap prices were mixed (July 31 to August 6)

2021 - 08 - 11

Editor: Song YuzhengSource: China Metallurgical News - China Iron & Steel News NetworkChina Scrap iron and Steel Application Association Information statistics DepartmentLast week, domestic scrap prices are mixed, businesses slightly adjust prices and wait, mentality is still stable, some steel mills have increased the arrival of goods, but no intention of hoarding.Key steel enterprises scrap average purchase price compared with the previous week, heavy scrap prices increased by 3 yuan/ton, medium scrap prices increased by 5 yuan/ton, bulk scrap prices increased by 17 yuan/ton.Last week, the period of the snail market shock adjustment, under the production limit support steel price will be strong, market sentiment turned for the better, but the actual transaction is general. Affected b...

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Evergrowing Resources Co

Evergrowing Resources Co., Limited was built by the founder of Mr. Ge in HK, 2016. He worked on steel industry for more than 15years till now. He and his team have exported more than 200,000mt different kinds of steel material to Southeast Asia, Europe, Africa, North America and etc till now. Evergrowing Resources Co., Limited, as a leading supplier of hot rolled and forged material supplier in China, always places product quality as the first priority. Therefore we seriously recommend you to choose us as your super supplier on hot rolled and forged steel materials. We would take full responsibility for the quality and authenticity of our products which customer purchase through us. Thank you for your trust and cooperation!