Guangxi's New Stainless Steel Six-Cold Rolling Project
Date: June 18, 2024
On the occasion of the 25th anniversary of Jinhai's brilliance, Guangxi Hongyi New Material Co., Ltd. signed an investment construction contract for an annual production of 1 million tons of high-end stainless steel pr...
Stainless Steel Price Adjustments and Market Insights
Recently, the international price of nickel, a crucial raw material for stainless steel, has seen a downward trend, breaking below $18,000 per ton on the 14th. In response, Indonesian Qingshan has revised its stainless steel coil prices fo...
Stainless Steel Billet Price Rebound and Scrap Market Update
Market Overview
On June 18th, the stainless steel billet market in Foshan experienced a slight rebound in prices, with the 304 scrap material prices remaining mostly stable. The London nickel price fell by $220 to $17,430 per ton, w...
Indonesia's Yongwang Cold Rolling Announces Suspension of Production 📰
On June 13th, news came that Indonesia's Yongwang has announced a temporary halt in production this week. As of June 11th, the production line officially ceased operations, with plans to resume around 80 days later, tentat...
Stainless Steel Business Circle
Date: June 18, 2024, 15:51
Qingrui Pipeline Invests 500 Million in Stainless Steel Water Pipe Project
On June 15th, a second-quarter investment promotion and project signing event was held in Zhouning County, Ningde City, Fujian Province, where 8 projects were...
🔨 Special Rectification in Dalì, Scrap Stainless Steel Merchants Have Over Four Months to Relocate 🗓️
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🔍 Past Highlights
Macquarie: Global Nickel Prices May Have Hit Bottom 📉
Good News Rushes I...
Impact of Permit Reviews on Indonesia's Nickel Industry
According to a comprehensive report from foreign media on June 17, 2024, the Indonesian government has announced a comprehensive assessment of the permits for rotary kiln electric furnace (RKEF) smelters that produce ferronickel and nick...
Stainless Steel Billet Prices Remain Low for Shipments; 304 Scrap Falls by 50 Yuan/Ton in the Afternoon
June 17, Foshan Market News: Last Friday, the London nickel price fell by 100 USD to 17,650 USD/ton, with positions at 196,856 lots, transactions at 5,455 lots, and inventory at 87,480 tons...
Daily Stainless Steel Market Update
The stainless steel market continues to experience fluctuations with a focus on the 304 and 201 grades. Here's a summary of the day's market movements:
304 Cold Rolled Market
Early in the morning, the 304 cold rolled market saw the Qingshan agent maintain a...
Steel Prices Overview
📉 Steel Billet Prices Drop by 20 Yuan, 4 Mills Cut Prices, Steel Prices Operate Weakly
On June 17th, the domestic steel market prices fell weakly. Tangshan Qian'an's square billet resources fell by 20 Yuan, reporting 3,370 Yuan per ton (inclusive of tax). The morning...
Building Steel Price Competition Intensifies
The building steel market has seen a continuous decline in prices since June, with the national average falling to 3,713 yuan/ton as of the 13th, a cumulative drop of 117 yuan/ton, marking a new low since April 12th. The core contradiction of this...
Weekly Steel Market Observation: Black Series Commodity Prices, Correction After Over-correction But Fundamental Pressure Remains
Last week, although the average price of various black commodity varieties continued to fall, the decline significantly narrowed. After two weeks of rapid price de...
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