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Monthly Archives: September 2018

Causes and influencing factors of pitting corrosion and crevice corrosion of stainless steel plates

Local corrosion such as pitting and crevice corrosion of stainless steel usually occurs in the presence of halide ions, usually chlorides (eg, coastal and deicing chloride salts – sodium chloride, calcium chloride or magnesium chloride; hydrochloric acid; bleach – sodium ...

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EU regulators to rule on Thyssenkrupp & Tata Steel JV by October 30

The European Commission said that EU antitrust regulators will decide by October 30 whether to allow Germany’s Thyssenkrupp and India’s Tata Steel to create Europe’s No 2 steelmaker, on Wednesday. Thyssenkrupp and Tata Steel sought EU approval on Tuesday, according ...

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Steel, raw material prices drop in China before holiday

Chinese rebar steel futures fell more than 1 percent to a two-week low on Thursday, dragging down prices of steelmaking raw materials as activity in China slows down ahead of a week-long holiday. China’s financial markets will be closed on ...

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Barriers to the use of duplex stainless steel

The attractive combination of high strength, extensive corrosion resistance and moderate weldability seems to provide great potential for increasing the market share of duplex stainless steel. However, it is necessary to understand the limitations before using duplex stainless steel. The ...

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US Steel Mills Benefit from Elevated Prices, as End-Users Face Rising Costs

The threat and subsequent imposition of a 25 percent tariff on imports of steel into the United States has benefited just a small proportion of the country’s population. Domestic steel selling values for flat rolled products increased by almost 35 ...

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Global crude steel production in August 2018 up by 2.6pct YoY

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 151.7 million tonnes in August 2018, a 2.6% increase compared to August 2017. The global crude steel production during January-August 2018 totalled 1.187 billion ...

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Baowu in talks to take over Magang to create a global giant

Reuters, citing three sources familiar with the discussions, reported that top Chinese steelmaker China Baowu Steel Group is in talks to take over rival Magang Group, a deal that would help entrench the nation’s position as a serious competitor in ...

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US, EU, Japanese Trade Ministers Agree on Need for WTO Reform

US in a joint statement with his European Union and Japanese counterparts agreed during a meeting in New York City that there is a need for the reform of the World Trade organization (WTO). US Trade Representative Robert Lighthizer, Minister ...

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A simple guide to duplex stainless steel

Duplex stainless steel is becoming more and more common. They can be produced in all major steel mills. The reasons for its general application are as follows: higher strength leads to weight saving, stronger corrosion resistance, especially stress corrosion cracking, ...

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Chinese steel, iron ore futures sag as trade war rages

Chinese steel and iron ore futures dropped to one-week lows on Tuesday as investors cut positions after returning from a holiday weekend with the United States and China locked in an intensifying trade war. Washington and Beijing imposed fresh tariffs ...

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