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The dream of a strong steel nation for the “zinc” generation
The dream of a steel powerhouse of the “zinc” generation demonstrates China’s vision of pursuing technological innovation and sustainable development in the modern steel industry. With the development of science and technology,…
New solutions to the new problem of “just need”
“Rigid demand” refers to the rigid demand of the steel industry. The new challenges it faces include changes in market demand, pressure from environmental protection policies, and technological upgrades. In order to…
South Korea’s steel industry is in a state of emergency
The Korean steel industry has indeed been in a state of emergency recently. This is because US President Trump announced a 25% tariff on all imported steel, which has led to severe…
Trudeau vows to fight back against Trump’s steel, aluminum tariffs.
Canadian Prime Minister Justin Trudeau has harshly condemned the recent US tariffs of up to 25% on steel and aluminum imports, calling them “unacceptable.” Trudeau has firmly stated that Canada will not…
Posco’s net profit in 2024 will drop by 44.2%
A report released by South Korea’s Posco Holdings on February 3 showed that in 2024, the revenue of its steel business fell by about 2.1% to 62.201 trillion won, operating profit fell…
Shandong Iron and Steel received financing purchase of 7.0812 million yuan on February 10, with a financing balance of 305 million yuan
On February 10, Shandong Steel (1.460, 0.00, 0.00%) rose 2.10% with a turnover of 133 million yuan. The margin trading data showed that Shandong Steel received a financing purchase of 7.0812 million…
Trump to announce 25% tariffs on imported steel, aluminum in latest trade escalation
U.S. President Donald Trump said Sunday (February 9) that he will announce on Monday that he will impose 25% tariffs on all U.S. imports of steel and aluminum on top of existing…
Nippon Steel and Kobe Steel to dissolve cross-shareholdings and continue cooperation in steel processing and other businesses
Nippon Steel and Kobe Steel recently announced that they will dissolve the mutual investment relationship they have maintained since 2002. However, the two companies will continue to cooperate in steel processing and…
The main factors affecting the fluctuation of steel prices in various countries
Global economic conditions: Economic growth is usually accompanied by an expansion of construction and manufacturing, which increases demand for steel. A recession or global financial crisis, on the other hand, may lead…
How to view the impact of price fluctuations of steel raw materials
Fluctuations in the price of raw steel materials have far-reaching effects on the economy and industry. Here are some of the main effects: Production costs: Fluctuations in steel prices directly affect the…
Türkiye’s Hascelik steel plant to start production in April
Hascelik, a Turkish specialty steel producer, has announced that its €150 million steel mill has entered the final construction phase and is expected to be officially put into production in Bilecik in…
Indonesia’s steel industry exports increased by 18.23% in 2024
Data released by the Indonesian Central Statistics Bureau on the 15th showed that in December 2024, Indonesia had a trade surplus of US$2.24 billion, exports of US$23.46 billion, and imports of US$21.22…