Industry
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TISCO won the Best Breakthrough Award from General Electric
Recently, TISCO was invited to participate in the Global Supplier Conference of General Electric (hereinafter referred to as GE) Hydropower Company of the United States and won the "Best Breakthrough Award". TISCO has become a major supplier of high-grade magnetic steel sheets for GE hydropower by virtue of its excellent…Read more -
Thailand makes final anti-dumping ruling on China-related Wuxi steel plate
On November 12, 2021, Thailand’s Dumping and Subsidy Review Committee issued an announcement stating that it has made a positive final anti-dumping ruling on Wuxi steel plates originating in China, South Korea and the European Union, and decided to base the CIF price on the products involved in China, South…Read more -
Brazil: Stainless steel import tax will drop from 14% to 12.6%
The Ministry of Economy and Foreign Affairs of Brazil stated in a joint statement on November 5 that the Brazilian Federal Government has decided to reduce the import tax imposed on most materials under its tariff system by 10%. In these reforms, tariffs on most flat and long steel products…Read more -
Korean steel purchase waste stainless steel actively
South Korea's purchases of stainless steel waste totaled 506,398 tons in the first half of this year, an annual growth rate of 13.9 percent and a 10-digit growth rate of 15.1 percent since the second half of 2017. According to the news, South Korea's domestic waste stainless steel procurement volume…Read more -
409 container ships, with 2.73 million containers, are waiting to dock and unload
The world's major container ports, including some ports in Asia Pacific, North America and Europe, are facing increased congestion, and supply chains are under great pressure. There are 2.73 million TEU containers waiting to be docked and unloaded outside the port. Vessels have been waiting outside ports for 18 days,…Read more -
Iran and Brazil are cooperating in mining
Mohammad Reza Bahraman, from the Iranian Chamber of Mines, said recently that Iran and Brazil are seeking cooperation in mining. "Both countries have the capacity to cooperate in the mining sector, especially in investment and machinery supply," he said. Baraman revealed that During the Brazilian delegation's recent visit to Iran,…Read more -
Export duties imposed on Chrome mines in South Africa are at risk
SaveSA smelters, a lobby group, warned of a national crisis as thousands of jobs were lost due to the closure of local smelters. The group further argues that if the price gap between China and the West is allowed to persist, South Africa's smelting industry will cease to exist. The…Read more -
Castle Peak holdings and Australia’s Fortescue will build a smelting industrial zone in Indonesia
Jakarta, Aug 24 (Reuters) - Australia's FMG and China's Castle Peak Holdings may invest billions of dollars to build a metal-smelting industrial zone near a planned hydropower station on Borneo island, an Indonesian minister said. The two companies have been negotiating the project since the beginning of the year, and…Read more -
300 series prices are up more than 20%, but the demand of stainless steel in US remains strong
Inventory levels in the US stainless steel industry are very low. While steel use has rebounded quickly after a slump triggered by the pandemic, steel production has recovered more slowly. This has led to a serious imbalance in the development of market supply and demand. Buyers report that in several…Read more -
China became the largest supplier of stainless steel to Russia
From January to June, Russia imported 206,810 tons of stainless steel, up 4.8 percent from a year earlier, according to Russia's SpetsStal association. In the first half of this year, Russia's stainless steel imports rose 15.9 per cent, while those of stainless steel fell 25.5 per cent year on year.…Read more -
Is 304 stainless steel pipe more environmentally friendly?
304 stainless steel has excellent properties such as corrosion resistance, aesthetics, and durability for more than 70 years. It is a building decoration material with good comprehensive performance in the new century. 304 stainless steel has the advantages of good rust and corrosion resistance, stable chemical properties, and no secondary…Read more -
Global steel production climbed 11.6%, but China’s production dropped significantly
July 24, 2021 12:43 New Delhi report: In June this year, global steel production increased by 11.6% year-on-year, but the country with the highest steel production in China increased by 1.5%. This is constrained by the government’s efforts to curb emissions. Analysts expect this to further restrict. Yield. Data released…Read more -
South Korea will impose anti-dumping duties on China’s stainless steel flat rolled products up to 25.82%
The Trade Commission of the Ministry of Trade, Industry and Energy of Korea decided to impose anti-dumping duties of up to 25.82% on stainless steel flat rolled products produced in China, Indonesia, and Taiwan, and the implementation period is 5 years. The Korea Trade Commission held its 413th meeting on…Read more -
Posco will build a nickel plant with an annual output of 20,000 tons, which will be put into operation in 2023!
POSCO announced on July 28 that it will invest 230 billion won to build a nickel plant in Gwangyang by 2023. The plant will produce 20,000 tons of nickel for electric vehicle batteries every year. The production of nickel for batteries is divided into two stages. First of all, SNCC…Read more -
Jindal new project is approved, annual stainless steel production capacity will reach 2.1 million tons
On July 27, the board of directors of India Jindal Stainless Steel Co., Ltd. (JSL) approved an expansion project to double the capacity of its stainless steel manufacturing plant in Odisha to 2.1 million tons. The statement stated that the project is expected to cost approximately US$290 million. After JSL…Read more -
Stainless steel for elevator
Stainless steel is mainly used in elevator car decoration, ceiling, car door and hall door, door cover, floor display and control panel and armrest, etc The grades of stainless steel used in elevators are mainly concentrated in 304, 439, 443 and 316L. 304 stainless steel is the largest. 304 excellent…Read more -
Why are cars rarely made of stainless steel?
Tesla recently announced the CyberTruck, an electric truck with a distinctive stainless steel body that also attracted attention. On Tesla's website, the material is defined as Ultra-Hard30X cold rolled stainless steel. In fact, stainless steel, which is widely used in life, is rarely used as an automobile body material. Automakers…Read more -
How to distinguish the stainless steel pipe for home use is 201 or 304
Stainless steel conduit, have water leakage rate is very low, can save the characteristic of precious water resource, replacing old-fashioned conduit step by step at present, in daily life, how to distinguish conduit material is 201 or 304? The most commonly used is on the surface of stainless steel drop…Read more -
The Russian government will impose a tariff of $2,321 per ton on nickel exports
The Russian government will impose tariffs on exports of ferrous and non-ferrous metals, foreign media reported on June 24. The tariffs are a temporary and loosest measure to protect the domestic market as the price of Russian metal products continues to rise. The head of the Ministry of Industry and…Read more -
The demand of stainless steel all over the world will increase 9.0%-10% in 2021
Tim Collins, Secretary General of the International Stainless Steel Forum (ISSF), recently said that COVID-19 2020 will be a challenging year in everyone's personal and professional life. Our global community has shown its resilience in confronting this invisible enemy. The stainless steel industry has also shown the same level of…Read more
