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Negative profit margin! Russian steel mills aggressively cut production
According to foreign media reports, Russian steel producers are losing money in both the export and domestic markets. All of Russia’s major steelmakers posted negative margins in June, and the industry is actively reducing steel production while also considering reducing investment plans. S...Read more -
Russian steel mills are aggressively cutting production
According to foreign media reports, Russian steel producers suffered losses in both export and domestic markets. All of Russia’s major steelmakers posted negative profit margins in June, and the industry is actively reducing steel production while also considering reduced investment plans. ...Read more -
UK extends Chinese steel tariff
During the G7 summit, Boris Johnson encouraged western countries to do business with China, but said it would be based on “democratic values”, before turning to his government’s decision to extend high tariffs on Chinese goods. According to Russian media’s latest news,...Read more -
UK extends high Tariffs on Chinese steel
During the G7 summit, Boris Johnson encouraged western countries to do business with China, but said it would be based on “democratic values”, before turning to his government’s decision to extend high tariffs on Chinese goods. According to Russian media’s latest news, Bri...Read more -
Analysis of global scrap steel consumption and trade in 2021
According to the World Steel Association, global crude steel production in 2021 was 1.952 billion tons, up 3.8 percent from the previous year. Among them, oxygen converter steel output was basically flat at 1.381 billion tons, while electric furnace steel output rose 14.4% to 563 million tons. Ac...Read more -
Federal Reserve Financial Stability Report: Liquidity in major financial markets is deteriorating
In its semi-annual financial stability report released on Monday local time, the Fed warned that liquidity conditions in key financial markets were deteriorating because of rising risks from the Conflict between Russia and Ukraine, tighter monetary policy and high inflation. “According to...Read more -
The IMF cut its forecast for global growth this year to 3.6%
The International Monetary Fund (IMF) on Tuesday released its latest World Economic Outlook, predicting that the global economy will grow 3.6 % in 2022, down 0.8 % points from its January forecast. The IMF believes the conflict and western sanctions on Russia have caused a humanitarian disast...Read more -
World Steel Association: Global steel demand growth is expected to decline in 2022
On April 14, 2022, the World Steel Association (WSA) released the latest version of the short-term (2022-2023) steel demand forecast report. According to the report, global steel demand will continue to grow by 0.4 percent to 1.8402 billion tons in 2022, after growing by 2.7 percent in 2021. In...Read more -
Introduction of anticorrosive coating for ductile iron pipe
1, spray zinc anti-corrosion coating After preheating the nodular cast iron pipe, the pipe body is sprayed with high temperature molten metal zinc solution when the temperature reaches about 600 degrees Celsius. The zinc coating after spraying has good adhesion, is not easy to fall off, and has g...Read more -
Effect of zinc spraying on ductile iron steel pipe
Zinc spraying refers to the surface treatment technology of plating a layer of zinc on the surface of metal, alloy or its wide material in order to play the role of beauty and rust prevention. The main method used is hot dip galvanizing. So what is the effect of zinc spraying on dry nodular c...Read more -
China-EU trade: showing resilience and vitality
In the first two months of this year, the EU overtook ASEAN to become China’s largest trading partner again. According to the latest data released by the Ministry of Commerce, bilateral trade between China and the EU reached 137.16 billion US dollars in the first two months of this year...Read more -
Malaysia RCEP went into effect
The Regional Comprehensive Economic Partnership (RCEP) is set to enter into force for Malaysia on March 18, following its entry into force for six ASEAN and four non-ASEAN countries on January 1 and for The Republic of Korea on February 1. It is widely believed that with the RCEP coming into fo...Read more
