Seamless Steel Pipe Supplier from China
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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…
Futures brand registration process optimized, steel mills face new solutions to winter sales problems
Recently, steel mills have found new solutions to deal with winter sales problems. Steel mills use the hedging function of futures to lock in steel and raw material prices to avoid winter…
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…
ArcelorMittal plans to invest $900 million to build a new steel plant in the United States to meet the needs of the automotive industry
ArcelorMittal said on Thursday it will build an advanced steel manufacturing plant in Calvert, Alabama, to increase capacity to meet the needs of the U.S. auto industry. The world’s second-largest steelmaker said…
Causes of piston rod overheating
The main reasons include the following aspects: The sealing ring is too tight: over-tightening will increase friction and generate too much heat. Assembly deviation or axial clearance is too small: this will…
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…
Morgan Stanley survey: Inflation and tariffs are expected to have the biggest impact on global markets this year
JPMorgan Chase’s annual survey of more than 4,200 institutional traders showed that the volatility in global financial markets caused by the US government’s new round of tariff war this week seems to…
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…