The title of the article from the provided link translates to English as: "Beigang New Material's GH1201 High Anti-Magnetic Stainless Steel with Monthly Orders of at Least 500 Tons; Global Nickel Supply Surplus Scale Narrows".
Jun 14, 2024
As the month of May draws to a close, the stainless steel market sees a slight pullback with futures fluctuating and spot prices softening. The佛山 market has witnessed a drop of approximately 50 units of currency in both cold and hot-rolled 304 grades, while 201 cold-rolled has seen a high retreat, with the mainstream market price reverting to a base of 8350-8400 units of currency.
North Port New Material's GH1201: 🏭 This high anti-magnetic stainless steel has secured a minimum monthly order of 500 tons, showcasing the strength of "North Port Intelligence". Delivered to customers in Foshan in February, this product is known for its high toughness, high magnetic resistance, high strength, and excellent cold processing performance, suitable for various industries such as electrical appliances, electronics, instruments, springs, and hardware.
Patent Approvals: 📄 Guangdong Guangqing Metal Technology Co., Ltd. and Central South University have had their joint patent "A kind of stainless steel slab continuous casting mold without lithium protective slag and its application" approved. Additionally, Shanxi Taigang Stainless Steel Co., Ltd. has successfully applied for a patent titled "Nickel-based alloy plate and its rolling method for controlling the microstructure and properties".
Regulatory Actions: 🏛️ Administrative penalties have been imposed on stainless steel enterprises for safety and environmental violations, reflecting the industry's commitment to compliance and sustainable practices.
Nickel Market Update: 📉 Nornickel has revised its prediction for global nickel surplus for 2024, indicating a narrowing of the oversupply scale. This suggests potential market adjustments that could impact stainless steel production costs.
Copper Price Forecast: 📊 Macquarie Group predicts an average copper price of $9,800 per ton for the third quarter, reflecting ongoing adjustments in the metal market.
Nickel Price Fluctuation: 📉 Jinchuan Group's electrolytic nickel ex-factory prices have dropped by 3,100 units of currency, indicating short-term market volatility.
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Material Grades and Characteristics: The company offers a diverse selection of stainless steel grades, each with unique properties suitable for a variety of applications.
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Contact Americ Energy (CHINA) Co., Ltd. for more 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
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