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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…
ArcelorMittal plans to invest $900 million to build a new steel plant in the United States to meet the needs of the automotive industry
ArcelorMittal said on Thursday it will build an advanced steel manufacturing plant in Calvert, Alabama, to increase capacity to meet the needs of the U.S. auto industry. The world’s second-largest steelmaker said…
Causes of piston rod overheating
The main reasons include the following aspects: The sealing ring is too tight: over-tightening will increase friction and generate too much heat. Assembly deviation or axial clearance is too small: this will…
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…
Morgan Stanley survey: Inflation and tariffs are expected to have the biggest impact on global markets this year
JPMorgan Chase’s annual survey of more than 4,200 institutional traders showed that the volatility in global financial markets caused by the US government’s new round of tariff war this week seems to…
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…
Nippon Steel Corporation’s SuperCOURSE50 project achieves test furnace development goal ahead of schedule
This newspaper reported that on December 20, 2024, Nippon Steel officially announced that it had achieved a 43% reduction in carbon dioxide emissions through hydrogen reduction in the 12 cubic meter test…
Europe’s steel industry falters in decarbonization
The faltering of Europe’s steel industry in decarbonization is indeed a significant challenge, especially considering the EU’s ambitious climate goals. Steel production is one of the hardest sectors to decarbonize due to…
The difference between straight seam steel pipe and seamless steel pipe
The main difference between straight seam steel pipe and seamless steel pipe lies in their manufacturing processes and structural properties: In summary, straight seam steel pipes are welded and generally suited for…