News
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Steel mills cut prices, and steel prices are running weakly
On October 9, the domestic steel market price fell slightly, and the ex-factory price of Qian’an Pu billet in Tangshan was stable at 3,710 yuan/ton. On the 9th, the transaction performance of the steel market was weak, the high-level resources were loosened, and the market rally was weak, a...Read more -
6 steel mills raised prices, billets fell by 20, and there is little room for steel prices to rise
On October 8, the domestic steel market price rose slightly, and the ex-factory price of Tangshan common billet fell 20 to 3710 yuan / ton. During the holiday, the prices of bulk commodities rose, and after the holiday, the market prices continued to rise, and the market trading atmosphere picked...Read more -
Supply and demand imbalance in Europe’s HRC market stalls
Trading in the European HRC market has been weak recently, and HRC prices are expected to fall further amid sluggish demand. At present, the feasible level of HRC in the European market is around 750-780 euros / ton EXW, but buyers’ purchasing interest is sluggish, and no large-scale transa...Read more -
European metal manufacturers face cutting or closing production on concern of high energy costs
Many European metal manufacturers might face to shut down their production because of high electricity costs because Russia stopped supplying natural gas to Europe and made energy prices hike. Therefore, the European non-ferrous metals association (Eurometaux) indicated that the EU should solve t...Read more -
Turkey’s crude steel production slides in July
According to the Turkish Iron and Steel Producers’ Association (TCUD), Turkey’s crude steel production totaled around 2.7 million tons in July this year, falling by 21% compared to the same month a year ago. During the period, Turkey’s steel imports dropped by 1.8% year on year to 1.3 milli...Read more -
Australian project cooperation
With the more and more extensive application of underwater pipelines, Hunan Great has received more orders for underwater projects. Not long ago, Hunan Great successfully get an order of Australian underwater pipeline project. Customers need seamless pipes and other products in Hunan Great. Th...Read more