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

2024 - 12 - 19

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, Chi...
Expected demand for amorphous powder market to double next year

2024 - 12 - 09

At present, the development of China's amorphous powder industry is characterized by improving quality and accelerating speed. In the future, with the upgrading and application expansion of downstream industries, the demand for amorphous powder in the market will increase sharply, and it is expected that the demand for amorphous powder in the market will double next year. "On December 4th...
Current situation and future prospects of the magnetic materials industry

2024 - 12 - 04

With the acceleration of economic and social green transformation driven by the promotion of the "dual-carbon" target, there has been a significant surge in demand for magnetic materials due to the booming development of low-carbon environmental protection industries such as new energy, wind power generation, and energy-saving household appliances. Magnetic properties are inherent in all...
Outlook for the Second Half of 2024 Domestic Hot Rolled Strip Steel

2024 - 09 - 20

Source: MY STEEL In 2024, the domestic hot-rolled strip and hot-coil production capacity has increased, and new production lines have been put into operation. Especially this year, the strip and hot coil capacity utilization rate has rebounded, the new production line production gradually released, the third and fourth quarters of high supply or will be maintained, but considering the a...
Development status and future trends of amorphous transformer industry in 2024

2024 - 08 - 27

Development status and future trends of amorphous transformer industry in 2024 Source: China Economic Information Network The total number of tenders for China's power grid transformers is affected by a variety of factors, including national energy policies, electricity demand growth, the need for grid upgrades and renovations, and the promotion of high-efficiency energy-saving equip...

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

2024 - 12 - 19

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...

Expected demand for amorphous powder market to double next year

2024 - 12 - 09

At present, the development of China's amorphous powder industry is characterized by improving quality and accelerating speed. In the future, with the upgrading and application expansion of downstream industries, the demand for amorphous powder in the market will increase sharply, and it is expected that the demand for amorphous powder in the market will double next year. "On December 4th, ZhangHua, Secretary General of the Amorphous Alloy Materials Application Branch of the China Electrical Industry Association, said in his keynote speech at the 4th Amorphous Alloy Powder Application and Development Forum. Regarding the opportunities and challenges faced by the current development of amorphous powder industry, Zhang Hua said that first, the domestic amorphous powder market h...

Current situation and future prospects of the magnetic materials industry

2024 - 12 - 04

With the acceleration of economic and social green transformation driven by the promotion of the "dual-carbon" target, there has been a significant surge in demand for magnetic materials due to the booming development of low-carbon environmental protection industries such as new energy, wind power generation, and energy-saving household appliances. Magnetic properties are inherent in all aspects of both macroscopic and microscopic worlds, encompassing diamagnetic, antimagnetic, ferromagnetic, ferrimagnetic, and antiferromagnetic categories. Magnetic materials refer to substances composed of transition elements like iron, cobalt, nickel, and their alloys that can directly or indirectly generate magnetic fields. Ferromagnetic and ferrimagnetic substances find extensive applications...

Outlook for the Second Half of 2024 Domestic Hot Rolled Strip Steel

2024 - 09 - 20

Source: MY STEEL In 2024, the domestic hot-rolled strip and hot-coil production capacity has increased, and new production lines have been put into operation. Especially this year, the strip and hot coil capacity utilization rate has rebounded, the new production line production gradually released, the third and fourth quarters of high supply or will be maintained, but considering the annual production reduction indicators, it is expected that the second half of the strip capacity utilization rate or will decline slightly. This year, the front-end data of the real estate industry are 50-70% lower than the peak, the auto industry data is relatively acceptable, but the impact of anti-dumping factors in Europe and Canada and other countries, the second half of the automobile i...

Development status and future trends of amorphous transformer industry in 2024

2024 - 08 - 27

Development status and future trends of amorphous transformer industry in 2024 Source: China Economic Information Network The total number of tenders for China's power grid transformers is affected by a variety of factors, including national energy policies, electricity demand growth, the need for grid upgrades and renovations, and the promotion of high-efficiency energy-saving equipment. With the rapid development of China's economy and the advancement of urbanization, electricity demand continues to grow, which directly promotes the increase in the number of grid construction and transformer tenders. At the same time, the country's emphasis on energy conservation and emission reduction and policy support for high-efficiency energy-saving transformers, such as the pr...

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 produce Ø8-32mm rebar products, which means that the plant has resumed long product production. The plant was closed in 2003 due to local political tensions and lack of investment.At the same time, SCIS is advancing the renovation of a 500,000 tons/year steelmaking workshop, which includes a 70-ton electric arc furnace, a 70-ton LF furnace and a four-strand continuous caster for producing 150mm...

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. Amorphous strip is an ideal material for motor stator core. Amorphous strip is expected to become the main material of motor stator core. Amorphous alloy material has many advantages compared with non-oriented silicon steel. The core lies in low loss, energy saving and environmental protection. From the perspective of the car end, the replacement of amorphous motors helps the new energy ve...

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; among them, the export of automatic data processing equipment and its parts increased by 10.3%, the export of automobiles increased by 22.2%, and the export value of ships increased by 91.1% year-on-year. According to preliminary estimates, China's indirect steel exports currently far exceed its direct exports. The total steel exports in the first half of the year (direct steel exports plus indi...

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