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  • The steel industry in Bangladesh is developing steadily

    Despite the extreme economic volatility of the past three years, Bangladesh’s steel industry has continued to grow. Bangladesh was already the third largest destination for U.S. scrap exports in 2022. In the first five months of 2022, the United States exported 667,200 tons of scrap steel t...
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  • With the biggest global monetary tightening in 50 years, the World Bank expects a recession to be inevitable

    The World Bank said in a new report that the global economy could face a recession next year caused by a wave of aggressive tightening policies, but it may still not be enough to curb inflation. Global policy makers are withdrawing monetary and fiscal stimulus at a pace not seen in half a century...
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  • The Steel story closes the energy gap in sub-Saharan Africa

    Expanding access to electricity in sub-Saharan Africa is a huge engineering task that will require significant investment and a rethink of what energy supplies mean. From low Earth orbit on a long, dark night, large areas of the Earth’s surface shine with the imprint of industry. Almost eve...
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  • August welcomed the “red” steel prices rose 100 a day

    August 1, steel ushered in a “good start” market. One rebar spot price rose more than 100 yuan, back to 4200 yuan above the mark, is the biggest one-day rise since the middle of July. Rebar futures prices also hit 4100 points today. According to Lange Iron and Steel cloud business pla...
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  • The Fed’s 75 basis point increase is the most aggressive tightening since the 1980s

    The Federal Open Market Committee (FOMC) raised its benchmark interest rate by 75 basis points to a range of 2.25% to 2.50% on Wednesday, in line with market expectations, bringing the cumulative increase in June and July to 150 basis points, the largest since Paul Volcker took the helm of the Fe...
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  • What will happen to China’s steel market under global inflation?

    The current global inflation is high, and it is difficult to end in a short time, which will be the biggest external environment facing China’s steel market in the future. While severe inflation will dent global steel demand, it will also create significant opportunities for the Chinese ste...
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  • The European Parliament approved proposals to reform carbon markets and tariffs

    The European Parliament has voted by a large majority to reform the carbon market and tariff, indicating that the legislative process of Fitfor55, the EU’s emissions-reduction package, will move to the next stage. Draft legislation from the European Commission further toughens carbon cuts a...
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  • A weekly overview of the steel industry

    China and the US are in different economic cycles and China does not need to follow the US in raising interest rates On June 15, local time, the Federal Reserve announced to raise interest rates by 75 basis points, the single largest increase since 1994. Since the beginning of this year, the rise...
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  • Steel market brief comment: futures continue to explore steel prices can “reverse attack”?

    Futures “multi – short” battle, the trend is tangled. When disk sense of power is insufficient, many hair force, continued upward challenge traders expected point, once boosted spot sentiment. But the afternoon disk amplitude again increased, but bears did not form effective sup...
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  • Steel price bottom completed stage rise channel open

    This week steel prices continued to shock, the initial continued decline, mid-week oversold rebound, but the rise is not clear, continued to reduce positions up, increase the price of drag resistance. But near the weekend, futures firm the current key support level, the formation of a more obviou...
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  • What is Steel Plate?

    What is Steel Plate?

    Steel plate is poured with molten steel, cooled and pressed into flat steel. It is flat, rectangular and can be rolled directly or cut from a wide strip of steel. According to the thickness of steel plate, thin steel plate
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  • Application of Precision Steel Pipe

    Application of Precision Steel Pipe

    Precision steel tube is a kind of high precision steel tube material processed by cold drawing or hot rolling. Because the inner and outer walls of precision steel tubes have no oxide layer, no leakage under high pressure, high precision, high finish, no deformation in cold bending, flaring, flat...
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