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Iraq expands finished steel and direct reduced iron production capacity

2024 - 08 - 21

Source: World Metal GuidePublic investment in infrastructure construction supports the continuous improvement of Iraq's steel production capacity. Relevant data show that Iraqi steel producers increased their long rolling capacity by 12.3% in 2024.In March 2024, the Iraqi Basra State Steel Company (SCIS) put into operation a 500,000 tons/year rebar rolling plant in Khor Al-Zubair, which can pr...
Electrical equipment industry: amorphous motor, new energy vehicle application acceleration, 100 bil

2024 - 08 - 06

Source: Oriental Wealth Securities The rapid development of the new energy automobile industry has put forward higher performance requirements for the drive motor, and one of the ways for the motor to improve the effective power density is to avoid high power output loss, which puts forward higher requirements for the motor materials, processes, software, packaging and other aspects. Am...
The steel price index is shown in the figure Email: jack@evergrowrs.com

2024 - 07 - 23

Source: Lange Steel Network In the first half of this year, China's steel exports showed strong growth. According to customs statistics, China exported 53.4 million tons of steel from January to June 2024, a year-on-year increase of 24%. During the same period, the export value of mechanical and electrical products increased by 8.2%, accounting for 58.9% of the total export value; am...
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...

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 present, the development of amorphous alloy soft magnetic materials industry presents the following four characteristics. The amorphous strips is increasing rapidly. According to statistics, in 2021, my country's iron-based amorphous strip output was 68,000 tons, a year-on-year increase of 28.3%; in 2022, my country's iron-based amorphous strip output was 91,000 tons, a year-on-year in...

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 to optimize production processes and cut costs. Many companies have adopted advanced technologies and automated systems to enhance efficiency and minimize waste, thereby reducing operational expenses. To adapt to the changing market conditions, the industry has also focused on product diversification. Instead of relying solely on traditional steel products, efforts have been made to develop hi...

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 cooling solutions, lubrication and oil compatibility of oil cooled motors, axial corrosion suppression, and high-precision and high computational efficiency multi physics field coupling software. In addition, common cutting-edge technologies that require industry research include non heavy rare earth motors, new conductive and magnetic materials, high-frequency insulation failure mechanisms, solutions...

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 of 22.09% to 33.51% will continue to be imposed on the products involved (see the attached table for details of the tax rates). The measure will take effect from September 6, 2022 and will be valid for 5 years. The Vietnamese tax codes of the products involved are 7216.33.11, 7216.33.19, 7216.33.90, 7228.70.10 and 7228.70.90.On October 5, 2016, Vietnam conducted an anti-dumping inv...

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 previous week, the average purchase price of scrap steel in key steel enterprises has increased by 148 yuan/ton, the price of medium-sized scrap steel has increased by 159 yuan/ton, and the price of unified scrap steel has increased by 127 yuan/ton.At the beginning of last week, the finished materials market strengthened, and the resources in the superimposed scrap steel market were scarce, the arrival...

The U.S. Department of Energy has awarded about $3.46 million to promote research on carbon dioxide

2022 - 07 - 05

Source：(Kang Bin) China Metallurgical News (2nd edition, July 01, 2022)On June 22, the U.S. Department of Energy's National Energy Technology Laboratory decided to invest approximately $3.46 million in research and development funds to conduct front-end engineering research on carbon dioxide removal and utilization technologies at the Gary plant of U.S. Steel in Indiana. The study will focus on the direct Air carbon capture and storage (DACS) process, which removes 5,000 tonnes of carbon dioxide per year from the natural atmospheric environment and then permanently mineralizes it in concrete products.Carbon dioxide removal and utilization technology can make full use of residual heat and energy of steel mills, thus maximizing energy efficiency and minimizing transportation costs of ste...

Argentina issues final anti-dumping ruling on Chinese steel doors

2022 - 06 - 02

Source: Ministry of Commerce Website Editor: Wen XiaoxiaOn May 31, 2022, the Ministry of Production and Development of Argentina issued Announcement No. 465 of 2022, making a final affirmative anti-dumping ruling on steel doors originating in China, and decided to impose 116% on the products involved based on the declared free on board (FOB) price. anti-dumping duties. The products involved are steel doors with a weight greater than or equal to 24 kg and no more than 100 kg, involving products under the Mercosur Customs Code 7308.30.00, but excluding armored doors as defined in Article 3.14 of the IRAM 11992 standard. The announcement takes effect from the date of publication and is valid for 5 years.On June 3, 2021, Argentina launched an anti-dumping investigation on steel doors originati...

National Health Commission: The local epidemic has spread more, and the scope of coverage has been …

2022 - 04 - 01

Source: Cailian News AgencyOn the afternoon of April 1, the joint prevention and control mechanism of the State Council held a press conference. At the meeting, Mi Feng, a spokesman for the National Health Commission, said that in March, the global epidemic was still in the stage of a pandemic, and the epidemic situation in neighboring countries and regions was out. New local confirmed cases and asymptomatic infections in China have increased rapidly. The epidemic spread more points, and the scope of coverage has further expanded. Community transmission in some areas has not been blocked, and spillover cases have been reported. The prevention and control situation is severe and complex.Mi Feng said that we should always adhere to the general policy of 'dynamic zero clearance'....

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Steel exports will hardly reach record high in 2024 and analysis of influencing factors

Source: China Metallurgical News General Administration of Customs data show that in November, China exported 9.278 million tons of steel, up 15.9% year-on-year, down 24.9 percentage points. In the first 11 months of this year, China exported 101.152 million tons of steel, breaking 100 million tons, up 22.6% year-on-year. According to Lange Steel Research Center calculations, in November, China's net exports of steel 8.885 million tons, an increase of 19.1% year-on-year, down 27.2 percentage points. 1-11 months, China's net exports of steel 94.958 million tons, an increase of 25.5% year-on-year, down 0.6 percentage points. Overall, the current global manufacturing index rose steadily, the external demand boom weak recovery; China's steel enterprises export order index...

China Iron and Steel Development Forum held

Source: People's DailyA few days ago, the 2021 (12th) China Iron and Steel Development Forum was held in Beijing. At the meeting, Yin Ruiyu, an academician of the Chinese Academy of Engineering, said that after decades of development and progress, China's steel industry per ton of steel energy consumption and carbon emissions have been in the international advanced level, but because of the huge crude steel production, the total carbon emissions of the industry is still large. Li Gao, director of the Department of Climate Change under the Ministry of Ecology and Environment, called on the steel industry, as an important supporting industry for China's economic development and a key industry for carbon emissions, to strengthen the consensus on carbon emission reduction, transfor...

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