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Monthly Archives: May 2019

China’s iron ore surges in red-hot rally on supply worries

China’s iron ore prices scaled a fresh record on Monday as concerns over supply intensified, with stocks of the steelmaking ingredient at the country’s ports shrinking and investors worried about another Brazil mine dam at risk of collapsing. The most-traded ...

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Crude steel production falls 0.8% in April

Crude steel production in April dropped 0.8 percent from a year earlier to 8.65 million tons, down for the eighth consecutive month, the Japan Iron and Steel Federation said. Although problems with blast furnaces were resolved, many operators did not ...

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EU Steel Prices in Decline in May as Demand Falters

The recent negative trend in European strip mill prices continued, in May. Reduced demand from the auto sector is still undermining the steelmakers’ ambitions for increased basis values. Moreover, general activity in the marketplace is below projections for this time ...

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Shanghai steel rises on prospects of downstream demand

China’s steel futures edged up on Tuesday despite the concerns over escalating tension between the world’s top two economies, as investors expect stronger steel demand from property market. Although the costlier trade war had weighed on financial markets across countries, ...

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Could result in steel dumping into India

India Ratings and Research believes the rise in trade tensions between the US and China could lead the latter to guide its exports towards Emerging Markets. In the past, China has showcased such tendency and dumped its products at predatory ...

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US forges peace with Canada & Mexico

US President Mr Donald Trump said the US will lift 25% steel and 10% aluminum Section 232 tariffs on Canada and Mexico within 48 hours. He said “I’m pleased to announce that we’ve just reached an agreement with Canada and ...

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Dalian iron ore hits record high on bullish demand outlook

China’s iron ore futures continued to rise on Monday after recording their best weekly performance in six weeks, buoyed by expectations of a robust near-term demand at steel mills amid strong profitability. The most-traded iron ore futures on the Dalian ...

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Steel Production Record Reached In China

A supply squeeze caused by mine closures in Brazil is not the only reason iron ore rose this week to a five-year high of $97.95 a ton. Demand is also a factor, with Chinese steel production running at a record ...

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Development trend of production technology of stainless steel pipes

One: The development trend of the world’s production technology of stainless steel pipes 2.1 “Three-step method” steelmaking and continuous casting process The use of the “three-step method” for steelmaking and continuous casting to produce stainless steel pipe blanks has created conditions for improving ...

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Introduction of polishing technology for seamless stainless steel pipes

The wide range of surface finishes in stainless steel broadens its field of application – different surface finishes make stainless steel surfaces different, making them unique in their applications. In the field of architectural applications, the surface processing of seamless ...

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