News
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ISSF: Global stainless steel consumption expected to decrease by around 7.8% in 2020
According to the International Stainless Steel Forum (ISSF), based on the epidemic situation which has greatly affected the global economy, it was predicted that the stainless steel consumption volume in 2020 will decrease by 3.47 million tons compared with its consumption last year, a year-on-ye...Read more -
The Bangladesh Steel Association proposed taxation on imported steel
According to foreign media reports, Bangladesh’s domestic building materials manufacturers urged the government to impose tariffs on imported finished materials to protect the domestic steel industry yesterday. At the same time, it also appeal for the increase of taxation for the import of ...Read more -
China steel export amount is 4.401 million tons in May, decrease 23.4% year-on-year
According to the data that from General Administration of Customs in June Seventh, 2020, China steel export amount on May, 2020 is 4.401 million tons, decreased 1.919 million tons from April, 23.4% year-on-year; from January to May, China cumulative exported 25.002 million tons, decreased 14% yea...Read more -
EU steel safeguards may begin to control HRC quotas
The European Commission’s review of safeguard measures was unlikely to adjust tariff quotas substantially, but it will limit the supply of hot-rolled coil through some control mechanism. It was still unknown how the European Commission will adjust it; however, the most possible method seeme...Read more -
China’s steel industry may rebound again by Chinese govt’s high infrastructure investment
After the COVID-19 situation been controlled in China, the Chinese government also announced to increase its infrastructure investment to stimulate domestic demand. Moreover, there were also more and more construction projects that started to restart, also expected to revitalize the steel industr...Read more -
NPC&CPPCC “warm up” steel market in May
The steel market has always been said to be “peak season on March and April,off season on May”.But this year steel market was affected by the Covid-19 as domestic transportation and logistics were once interrupted. In the first quarter, problems such as high steel inventories, a shar...Read more -
China’s stainless steel prices may remain in May
Reported By 2020-5-13 According to the stability of world nickel price, the average price of stainless steel in China has risen gradually, and the market expects that the price will remain stable in May. From the market news, the current nickel price in 12,000 us dollars/barrel above, coupled wit...Read more -
China’s recovery
According to CCTV news, as of May 6th, there have been no new cases of local new coronary pneumonia diagnosed in the country for four consecutive days. In the normal stage of epidemic prevention and control, all parts of the country have done a good job of “internal defense rebound, externa...Read more -
A week summary of the raw material market April 24 ~ April 30
Reported By 2020-5-8 Last week, the domestic raw material market fluctuated slightly. The iron ore market fell first and then rose, and port inventories continued to be low, the coke market was generally stable, the coking coal market continued to fall steadily, and the ferroalloy market rose ste...Read more -
In the first quarter of 2020, China’s steel stocks fell slowly after a sharp rise
Reported by Luke 2020-4-24 According to data from the General Administration of Customs, China’s steel export volume in March increased by 2.4% year-on-year and the export value increased by 1.5% year-on-year; steel import volume increased by 26.5% year-on-year and import value increased by...Read more -
Online Canton Fair will be held in June
Reported by Luke 2020-4-21 According to news from the Ministry of Commerce of China, the 127th China Import and Export Fair will be held online from June 15 to 24 for a period of 10 days. The China Import and Export Fair was founded on April 25, 1957. It is held in Guangzhou each spring and autum...Read more -
Best wishes to clients
Reported by Luke 2020-4-17 The unexpected epidemic has caught us off guard. China has contained the virus under the leadership of the country, but with the spread of virus around the world, good protection is the most important thing now, and we sincerely hope that you are safe and healthy. To th...Read more -
Steel companies in various countries make adjustments
Reported by Luke 2020-4-10 Affected by the epidemic, downstream steel demand is weak, and steel producers have been cutting their steel output. United States ArcelorMittal USA is planning to shut down No. 6 blast furnace. According to the American Iron and Steel Technology Association, ArcelorMi...Read more -
Iron ore prices go against the market
Reported by Luke 2020-4-3 According to the China Steel News, the price of iron ore rose by 20% at the beginning of last year due to the impact of a Brazilian dyke break and an Australian hurricane. Pneumonia affected China and global iron ore demand have both declined this year, but iron ore pric...Read more -
Notice of Tianjin Sanon Steel Pipe Co.,LTD. Tomb-Sweeping Day Arrangement in 2020
Reported by Luke 2020-4-3 According to the Notice of the General Office of the State Council on the Arrangement of Certain Holidays in 2020 and the notification spirit of the General Office of the Provincial Government, the 2020 Tomb-Sweeping holiday arrangement is now notified as follows: Holida...Read more -
Coronavirus is hitting global automotive and steel companies
Reported by Luke 2020-3-31 Since the outbreak of COVID-19 in February, it has severely affected the global automotive industry, leading to a decline in international demand for steel and petrochemical products. According to S&P Global Platts, Japan and South Korea have temporarily closed pro...Read more -
Korean steel companies face difficulties, Chinese steel will flow into South Korea
Reported by Luke 2020-3-27 Affected by COVID-19 and the economy, South Korean steel companies face the problem of falling exports. At the same time, under the circumstances that the manufacturing and construction industry delayed the resumption of work due to COVID-19, Chinese steel inventories h...Read more -
COVID-19 impacts global shipping industry, many countries implement port control measures
Reported by Luke 2020-3-24 At present, COVID-19 has spread globally. Since the World Health Organization (WHO) announced that COVID-19 constitutes an “public health emergency of international concern” (PHEIC), the prevention and control measures adopted by various countries have conti...Read more -
Tianjin Sanon Steel Pipe Co.,LTD. launched business learning activities and expressed condolences to customers
Reported by Luke 2020-3-20 This week (March 16-20), our company launched business learning activities in response to national policies. Learn online sales skills in the new era and discuss the types, application environments, advantages and disadvantages of non-destructive electrical testing of s...Read more -
Vale remains unaffected, iron ore index trend deviates from fundamentals
Reported by Luke 2020-3-17 In the afternoon of March 13th, the relevant person in charge of China Iron and Steel Association and the Vale Shanghai Office exchanged information on the production and operation of Vale, the steel and iron ore market and the impact of the COVID-19 through a conferenc...Read more -
Tianjin Sanon Steel Pipe Co.,LTD. completely resumes work!
Tianjin Sanon Steel Pipe Co.,LTD.meets all the work resumption standards, and has been approved by the government. After more than a month to contain the disease, we welcomed all of the workers to resume them work. At present, production department and export trade department are ready to busines...Read more -
Vale halted production of iron ore in Brazil’s Fazendao region
Reported by Luke 2020-3-9 Vale, the Brazilian miner, has decided to stop mining the Fazendao iron ore mine in the state of Minas Gerais after it ran out of licensed resources to continue mining at the site. The Fazendao mine is part of vale’s southeastern Mariana plant, which produced 11.29...Read more -
Australia’s key mineral resources have surged
Reported by Luke 2020-3-6 The country's key mineral resources have surged, according to data released by GA Geoscience Australia at the PDAC conference in Toronto. In 2018, Australian tantalum resources grew 79 percent, lithium 68 percent, platinum group and rare earth m...Read more -
Britain simplified the procedures for exporting goods to Britain
Reported by Luke 2020-3-3 Britain formally left the European Union on the evening of January 31, ending 47 years of membership. From this moment on, Britain enters the transition period. According to current arrangements, the transition period ends at the end of 2020. During that period, the UK w...Read more
