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After the Chinese New Year, rebar futures plate prices fell sharply for two consecutive trading days, and rebounded in the following two days, but the overall weakness prevailed. As of the week of February 23 (February 19-23), the main rebar contract closed at RMB 3,790/...Read more »
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With the increase in construction and manufacturing projects around the world, the demand for color-coated galvanized steel coils and sheets is surging in the color-coated galvanized steel industry. The global pre-coated galvanized steel market is expected to witness si...Read more »
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In 2023, China (mainland China only, the same below) imported 7.645 million tonnes of steel, down 27.6% year-on-year; the average unit price of imports was US$1,658.5 per tonne, up 2.6% year-on-year; and 3.267 million tonnes of imported billet, down 48.8% year-on-year. C...Read more »
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In recent months, the export volume of galvanized steel sheet products in Tianjin Port has increased. The port is an important trading center for steel and other metal products, with reports of growing demand for galvanized coils and sheets. The i...Read more »
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In recent developments, the use of galvanized metals in various industries has seen significant growth. Known for its corrosion-resistant properties, galvanized metal has become the material of choice for a wide range of applications including construction, automotive an...Read more »
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Market Research Department of China Iron and Steel Industry Association In late January, the social inventory of the five major types of steel in 21 cities was 8.66 million tons, an increase of 430,000 tons month-on-month, or 5.2%. The inventory has...Read more »
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To meet the growing demand for reliable and durable lattice coils and plates, the leading steel manufacturer has expanded its product range to include a range of high-quality options. The latest product additions include A36 pattern plates and hot-dip galvanized pattern...Read more »
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In the week from January 22 to January 26, China’s steel price index turned from falling to rising, with both the long product price index and the plate price index rising. That week, the China Steel Price Index (CSPI) was 112.67 points, up 0.49 poi...Read more »
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In manufacturing and industrial production, carbon steel plays a vital role in creating durable, reliable products. One of the most popular forms of carbon steel is carbon steel coil, which is used in a wide range of applications including construction, automotive and ma...Read more »
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Galvanized steel sheets without zinc blooms and galvanized steel sheets with zinc blooms are both protected against oxidative corrosion by immersing the steel sheet in a molten zinc solution, which coats the surface with a layer of zinc. The difference lies in the number...Read more »
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In December 2023, the demand for steel in the Chinese market continued to weaken, but the intensity of steel production also weakened significantly, supply and demand were stable, and steel prices continued to rise slightly. Since January 2024, steel prices have turned f...Read more »
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Since entering January, China's cold rolled steel coil, hot rolled steel in coils market overall trading flat, steel traders generally cautious about the market. It is expected that in the short term, the cold and hot rolled coil market will be weak consolidation operati...Read more »