Industrial News
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Developed high temperature resistant 3pe anticorrosion
With the decline of energy and resource reserves, the pipeline fleet transports more and more gas, asphalt and other low-quality petroleum products, and the construction of marine pipelines is also developing continuously. Development has been uninterrupted. The following is an introduction to so...Read more -
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 -
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 -
China Steel Exports Dropped Further in July, While Imports Record New Low
According to data from the General Administration of Customs, in July 2022, China exported 6.671 million mt of steel, a drop of 886,000 mt from the previous month, and a year-on-year increase of 17.7%; the cumulative exports from January to July were 40.073 million mt, a year-on-year decrease of ...Read more
