Key Highlights:

• 📉 Price Adjustments: Recent dips in stainless steel prices, with 304 scrap falling by 100 Yuan per ton.
• 🏗️ Construction Updates: GEM's Indonesian nickel resource phase II project is set to complete all production line construction by June 30th.
• 📈 Market Dynamics: A mixed bag in the stainless steel market, with some areas seeing price drops and others experiencing slight recoveries.

Market Overview 🌐

On June 14, 2024, the stainless steel futures contract 2409 dropped by 80 Yuan, with a current period-to-future price difference of 90 Yuan. The market in Foshan saw a slight decrease in 304 cold-rolled prices, with some traders reducing prices by 20-50 Yuan to facilitate transactions. In contrast, the 430 series remained stable.

Industry News 📰

Several patents have been successfully applied for, including a comprehensive recovery method for hexavalent chromium from stainless steel neutral salt pickling waste liquid and an edge chamfering function for stainless steel strip rolling equipment. Additionally, the successful operation of the No. 1 blast furnace at Qingshan Holding's Ding Sen Steel Company marks a significant industry milestone.

Raw Material Updates 📈

Jinchuan Company has adjusted its quotations for electrolytic nickel, reflecting a market trend of price reduction. Meanwhile, GEM's announcement about the imminent completion of their Indonesian nickel resource project signals an exciting development for the raw material supply chain.

Construction and Approvals 🏗️

Zhouning County's stainless steel industrial park has received approval for the construction of supporting facilities, and the first half of 2024 has seen equipment upgrades for stainless steel companies, indicating a period of growth and improvement within the industry.

Americ Energy (CHINA) Co., Ltd. Introduction 🏭

Americ Energy (CHINA) Co., Ltd.: Your Trusted Source for Versatile Stainless Steel Products

Americ Energy (CHINA) Co., Ltd is a distinguished manufacturer and distributor of an extensive range of stainless steel products, designed to meet the diverse needs of various industries. Their product line includes stainless steel tubes, plates, strips, and square tubes, all manufactured to the highest quality standards.

They offer a variety of stainless steel grades, each with unique properties suitable for different applications:

• 201 Stainless Steel: Known for superior impact resistance and higher yield strength compared to 301 stainless steel.
• 304 and 304L Stainless Steel: Versatile grades with excellent corrosion resistance and formability due to their 18% chromium and 8% nickel composition.
• 316 and 316L Stainless Steel: With enhanced corrosion resistance, especially 316L, favored for its superior weldability.
• 310S Stainless Steel: Noted for resistance to high-temperature oxidation and corrosion, with strength at elevated temperatures.
• 321 Stainless Steel: Enhanced resistance to intergranular corrosion due to titanium stabilization.
• 430 Stainless Steel: Balances corrosion resistance and formability, suitable for chemical applications and decorative components.

Their products are widely used in construction, automotive, manufacturing, chemical processing, decoration, and household products. Each product is backed by detailed technical specifications, ensuring customers can make informed choices.

Product Advantages: The company emphasizes corrosion resistance, formability, high-temperature endurance, and weldability.

Contact Information:
Website: www.metal-ae.com
Email: ae@americenergy.com
Phone: 13521210668
whatsapp: 13521210668
Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China