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India’s demand for Chinese goods is surging
New Delhi: According to data released by China’s General Administration of Customs this month, India’s total imports from China in 2021 hit a new high of $97.5 billion, accounting for a larger share of the two countries’ total trade of $125 billion. It was also the first time ...Read more -
Since March, Egyptian importers have required letters of credit for imports
The Central Bank of Egypt (CBE) has decided that from March, Egyptian importers can only import goods using letters of credit and has instructed banks to stop processing exporters’ collection documents, the Enterprise newspaper reported. After the decision was announced, Egyptian chamber of...Read more -
Vale could expand its iron ore capacity by 30m tonnes by the end of this year
On February 11, Vale released its 2021 production report. According to the report, Vale’s iron ore production reached 315.6 million tons in 2021, an increase of 15.2 million tons from the same period in 2020, and a year-on-year increase of 5%. Pellet production reached 31.7 million tons,...Read more -
The potential of China-India trade remains to be tapped
Trade between India and China reached $125.6 billion in 2021, the first time bilateral trade has crossed the $100 billion mark, according to data released by China’s General Administration of Customs in January. To some extent, this shows that China-India economic and trade cooperation enjo...Read more -
Can we repeat a good year for global trade?
Recently released import and export figures for 2021 reflect a rare “bumper harvest” for global trade, but it remains to be seen whether the good years will be repeated this year. According to data released by the German Federal Statistics Office on Tuesday, Germany’s goods impo...Read more -
World Steel Association: Global crude steel production fell 3.0% year on year in December
According to the official website of the World Steel Association on January 25, the crude steel production of the 64 countries included in the statistics of the World Iron and Steel Association in December 2021 was 158.7 million tons, down 3.0 percent year-on-year. Regional crude steel production...Read more -
Global steel demand next year will reach nearly 1.9bn tonnes
The World Steel Association (WISA) has released its short-term steel demand forecast for 2021 ~2022. The world Steel Association forecasts that global steel demand will grow 4.5 percent to 1.8554 million tons in 2021, after growing 0.1 percent in 2020. In 2022, global st...Read more -
Sanitary grade stainless steel pipe
Sanitary grade seamless stainless steel pipe production process steelmaking - rolled round steel - perforation - cold drawing - cold rolling - bright annealing - internal surface polishing - external surface polishing - inspection and acceptance - packaging storage. The...Read more
