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Elevated input costs a bane for Asian steelmakers as finished product prices fail to catch up
The year started off on a bullish note for steel-making raw materials while the prices of finished products failed to exit the bear camp, casting a shadow on the margins of Asian steel mills. “[Our] margins are squeezing. The current situation does not make sense as [raw material] costs are...Read more -
Forecast next week’s ore price trend
In terms of inventory, as of March 3, the inventory of imported iron ore in 45 ports of China was 14000.56 million tons, a month-on-month decrease of 2.227 million tons; The average daily port clearance was 3,217,700 tons, with a week-on-week increase of 24,800 tons. The number of ships in port i...Read more -
What Is Corrugated Metal Roofing?
Corrugated metal roofing is a metal sheet that is roll formed into a metal panels. These panels are than attached to the roof with screws. Corrugated metal is an exposed fastener panel, meaning that each fastener is visible on the panel’s surface. The traditional shape of corrugated sheet ...Read more -
Steel Coil Production
Steel coil is finished steel sheet or strip that has been coiled or wound after rolling with the width of the metal sheet being greater than its thickness. Steel coil with certain coatings can be weather-resistant, protect against moisture, and is ecofriendly. Steel coil is produced through diffe...Read more -
China’s 2022 crude steel output falls for second straight year
China’s crude steel output in 2022 fell by 2.1%, or 21.73 million mt, from 2021 to 1.013 billion mt, marking a second-successive annual decline, data from the National Bureau of Statistics showed Jan. 17. Some mill sources said China would continue to contain its steel production growth in ...Read more -
Commodities 2023: China likely to tone down domestic steel capacity, targets ASEAN nations
China would aim to contain its steel production growth in 2023 and focus more on environmental-friendly capacity swaps, but it remains keen on making capacity investments in ASEAN countries to keep its behemoth steel industry running, information gathered from sources by S&P Global Commodity ...Read more -
Slow economic growth pressures China to rebalance carbon reduction ambitions
The world heaved a sigh of relief when Beijing announced Nov. 11 new measures to relax its COVID-19 restrictions, while keeping China’s zero-COVID policy in place, and when Guangzhou on Nov. 30 revealed plans to remove most movement controls and resume public transport, among other new meas...Read more -
BLACK ANNEALED STEEL COILS
APPLICATION Commercial Steel, Structural Steel, Steel Pipe，Enamelling, High Tensile Strength Steel, Automotive Parts, Electrical Motors, Lighting Ballast, Major Appliances, Racking / Shelving, Water Heaters, Pools (Above Ground / Inground), Commercial Doors, Garage Doors, Drums And Pails, Strapp...Read more -
China’s newly commissioned iron and steel capacity add to supply pressure
China’s steel production continues to show a modest decline despite steelmakers facing poor profit margins, on the back of new pig iron and crude steel capacity launched in recent months, while a lack of any large-scale output cuts is failing to add pressure on production. Northern China, h...Read more -
EU steel demand to fall 3.5% in 2022 as economy worsens: Eurofer
Eurofer, the European association of the steel industry, has forecast steel demand in the EU to drop by 3.5% to 145 million mt in 2022, owing to a deeper-than-expected recession caused by the continuing worsening of the EU economy following Russia’s invasion of Ukraine and the energy crisis...Read more -
China’s excavator sales rebound in Sept, but steel demand seen weak
China’s excavator sales rebounded in September from the previous month, but a sharp slowdown in property construction and COVID-19-related restrictions are expected to continue to drag on economic growth and steel demand. Excavator sales are a key indicator of construction activity in the c...Read more -
Trade Review: Asian steel prices to remain tempered in Q4 by low demand, high energy costs
This report is part of the S&P Global Commodity Insights’ Metals Trade Review series, where we dig through datasets and digest some of the key trends in iron ore, metallurgical coal, copper, alumina, and steel and scrap. We also explore what the next few months could bring, from supply ...Read more
Win Road International Trading Co., Ltd
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