Industry News
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The Most Important Magnetic Material In Industrial – Silicon Steel
According to the official announcement on December 17th, 2021, the European Commission launched a… Non-oriented electrical steel usually contains 2%-3.5% silicon. It has similar magnetic properties in all directions, the so-called isotropy. Grained electrical steel usually contains 3% sili...Read more -
Turkish coated coil prices fall, buyers expect further decline
Download the latest Daily to get the last 24 hours of news and all Fastmarkets MB prices, as well as the magazine’s feature articles, market analysis and high-profile interviews. Follow our website to get more news which uses analysis tools to track, map, compare and export more than 950 global m...Read more -
The implementation plan for carbon peaking in key industries such as steel and nonferrous metals has been compiled
Ministry of Industry and Information Technology: The implementation plan for carbon peaking in key industries such as steel and nonferrous metals has been compiled. On December 3rd, the Ministry of Industry and Information Technology issued the “Fourteenth Five-Year Plan for Industrial Gree...Read more -
Looking back at the price of steel in 2021
2021 is destined to be a year that will be recorded in the history of the steel industry and even the bulk commodity industry. Looking back at the domestic steel market for the whole year, it can be described as magnificent and turbulent. The first half of the year experienced the largest increas...Read more -
A scientific and technological achievement of JISCO has reached the international leading level
A few days ago, good news was uploaded from the scientific and technological achievement evaluation meeting of the “Key Technology Research and Industrial Application of Refractory Iron Oxide Ore Suspension Magnetization Roasting” hosted by the Gansu Institute of Metals: The overall t...Read more -
China Steel Association: Under the balance of supply and demand, China’s steel prices are unlikely to change significantly in October
Events Events Our main market-leading conferences and events provide all participants with the best opportunities for communication while adding tremendous value to their business. Steel Video Steel Video SteelOrbis meetings, webinars and video interviews can be watched on Steel Vid...Read more -
Raw steel MMI: Steel prices enter the fourth quarter
Although the price of coking coal is at a historical high, the monthly metal index (MMI) of raw steel fell by 2.4% due to the decline in most steel prices worldwide. According to data from the World Steel Association, global steel production declined for the fourth consecutive month...Read more -
Russia will levy 15% of black and non-ferrous metals from August 1st
Russia plans to levy temporary export tariffs on black and non-ferrous metals from early August, which is to compensate for the rolling prices in government projects. In addition to 15% of basic export tax rates, each type of product has a specific component. On June 24th, the Ministry of Economi...Read more -
Steel prices continue to rise, but the rise seems to slow down
As steel prices continue to rise, the monthly metal index (MMI) of raw steel rose by 7.8% this month. Are you ready for the annual steel contract negotiation? Be sure to review our five best practices. As we wrote in this month’s column, steel prices have been rising continuously since last sum...Read more -
Driven by strong steel prices, iron ore is expected to rise for the fifth consecutive week
On Friday, major Asian iron ore futures rose for the fifth consecutive week. Anti-pollution steel production in China, a major producer, fell, and global steel demand increased, pushing iron ore prices to record highs. September iron ore futures on China’s Dalian Commodity Exchange closed ...Read more -
ArcelorMittal again raised its hot-rolled coil offer by €20/ton, and its hot-rolled coil/hot-dip galvanized offer by €50/ton.
Steel manufacturer ArcelorMittal Europe increased its hot rolled coil offer by €20/ton (US$24.24/ton), and increased its offer for cold rolled and hot-dip galvanized coil by €20/ton to €1050/ton. Ton. The source confirmed to S&P Global Platts on the evening of April 29. After the market clos...Read more -
BREAKING NEWS: China decides to remove rebate on steel products
On April 28th, the Ministry of Finance website issued an announcement on the cancellation of export tax rebates for some steel products. From May 1st, 2021, the export tax rebates for some steel products will be cancelled. The specific execution time shall be defined by the export date indicated ...Read more
