Huawei's PanGu Big Model Boosts Annual Revenue for Steel Production Line by 90 Million Yuan!
On June 24th, Zhang Ping'an, Executive Director of Huawei and CEO of Huawei Cloud, unveiled the PanGu Big Model 5.0 at the Huawei Developer Conference 2024 (HDC 2024). He shared specific practices of...
🎉 Qingshan Stainless Steel Deep Processing Industrial Park Project and Enterprise Park Entry Signing Ceremony Held Grandly 🎉
On June 20th, the Qingshan Stainless Steel Deep Processing Industrial Park project and the centralized signing ceremony for enterprise park entry marked a new chapter...
🏭 Successful Commissioning of Baosteel Desheng's 1780mm Hot Rolling Furnace Enriched Oxygen Combustion Technology Upgrade Project 🔥
On June 21st, the Baosteel Desheng 1780mm hot rolling furnace enriched oxygen combustion technology upgrade project, designed and equipped by Chongqing Side The...
Global Nickel Market Turns to Surplus in April 2024
The International Nickel Study Group (INSG) reported on Friday that the global nickel market saw a surplus of 1,000 tons in April this year, contrasting with a shortage of 1,300 tons in March.
Compared to the same period last year, which had...
Supply and Demand are Both Weak, Stainless Steel Spot Prices Fluctuate Narrowly
FOSHAN JIANBAN YI STAINLESS STEEL CO., LTD.
Core Insights from Guotou Anxin
The stainless steel prices have been operating weakly this week, with trading activities being subdued. Downstream demand remains weak, a...
July Steel Billet Production Begins as Qingshui's Zimbabwe Project Starts Pig Iron Production
Manhize, Zimbabwe - June 22, 2024 - A subsidiary of Zhejiang-based private enterprise Tsingshan Holding Group, Dingxin Steel Company (DISCO), has commenced pig iron production in Manhize, central Zim...
Assofermet Expresses Concern Over the Extension of EU Safeguard Measures
GERBER News, June 21, 2024: The Italian Iron and Steel Association, Assofermet, has expressed its concern over the European Union's decision to extend safeguard measures until 2026. The association anticipates that due t...
Nickel Price Trends: Temporary Setback or Long-Term Pattern?
According to a report from CARBON CREDITS on June 20, 2024, the recent dynamics in the global nickel market have seen a significant decline in price, reflecting the complex interplay between economic factors and strategic decisions....
Stainless Steel Billet Prices Tend to Rise; Price Gap of 201 Scrap Widens to 150 Yuan/Ton After a Drop
June 20th, Foshan Market News: Yesterday, the London nickel price fell by $25 to $17,325 per ton, with a position of 161,908 hands, a transaction of 4,446 hands, and an inventory of 89,562 t...
📉 Steel Prices Weakly Fluctuate with the Mainstream Coke Enterprises' Price Increase 📈
Summary of Spot and Futures Steel Prices:
On June 20th, the domestic steel market in China showed a weak trend. Tangshan Qian'an's general square billet resources fell by 20 RMB, reporting 3360 RMB/tonne (i...
Weekly Review of Steel Market
Supply Overview
This week, the supply of the five major steel varieties reached 8.9149 million tons, a decrease of 57.2 thousand tons from the previous week, a drop of 0.6%. The production of medium-sized steel bars increased significantly this week, while the...
Stainless Steel Market: Unperturbed by Market Fluctuations
Recently, the stainless steel market has been likened to a "pig that is not afraid of boiling water," suggesting a resilience to market volatility. Despite significant swings in futures, the spot market has remained relatively stable,...
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