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Industry News
Posco’s net profit in 2024 will drop by 44.2%
A report released by South Korea’s Posco Holdings on February 3 showed that in 2024, the revenue of its steel business fell by about 2.1% to 62.201 trillion won, operating profit fell…
Shandong Iron and Steel received financing purchase of 7.0812 million yuan on February 10, with a financing balance of 305 million yuan
On February 10, Shandong Steel (1.460, 0.00, 0.00%) rose 2.10% with a turnover of 133 million yuan. The margin trading data showed that Shandong Steel received a financing purchase of 7.0812 million…
Trump to announce 25% tariffs on imported steel, aluminum in latest trade escalation
U.S. President Donald Trump said Sunday (February 9) that he will announce on Monday that he will impose 25% tariffs on all U.S. imports of steel and aluminum on top of existing…
Nippon Steel and Kobe Steel to dissolve cross-shareholdings and continue cooperation in steel processing and other businesses
Nippon Steel and Kobe Steel recently announced that they will dissolve the mutual investment relationship they have maintained since 2002. However, the two companies will continue to cooperate in steel processing and…
The main factors affecting the fluctuation of steel prices in various countries
Global economic conditions: Economic growth is usually accompanied by an expansion of construction and manufacturing, which increases demand for steel. A recession or global financial crisis, on the other hand, may lead…
How to view the impact of price fluctuations of steel raw materials
Fluctuations in the price of raw steel materials have far-reaching effects on the economy and industry. Here are some of the main effects: Production costs: Fluctuations in steel prices directly affect the…
Türkiye’s Hascelik steel plant to start production in April
Hascelik, a Turkish specialty steel producer, has announced that its €150 million steel mill has entered the final construction phase and is expected to be officially put into production in Bilecik in…
Indonesia’s steel industry exports increased by 18.23% in 2024
Data released by the Indonesian Central Statistics Bureau on the 15th showed that in December 2024, Indonesia had a trade surplus of US$2.24 billion, exports of US$23.46 billion, and imports of US$21.22…
Nippon Steel Corporation’s SuperCOURSE50 project achieves test furnace development goal ahead of schedule
This newspaper reported that on December 20, 2024, Nippon Steel officially announced that it had achieved a 43% reduction in carbon dioxide emissions through hydrogen reduction in the 12 cubic meter test…
The difference between straight seam steel pipe and seamless steel pipe
The main difference between straight seam steel pipe and seamless steel pipe lies in their manufacturing processes and structural properties: In summary, straight seam steel pipes are welded and generally suited for…
Precision Pipes – High-Quality Pipes for Automotive, Machinery, and Hydraulic Systems
Citontek’s Precision Pipes: The Perfect Solution for High-Performance Applications Introduction:Precision pipes are essential in industries where accuracy, surface finish, and dimensional consistency are critical. Citontek Co., Ltd. offers a wide range of…