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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…
The Marketing Service Center of State Grid Henan Electric Power Company applied for a patent for carbon emission monitoring in the steel industry based on the electric-carbon coupling model, which has the advantages of integrating multiple data.
According to the news from the Financial Times on February 13, 2025, the information from the National Intellectual Property Administration shows that the Marketing Service Center of State Grid Henan Electric Power…
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…
Futures brand registration process optimized, steel mills face new solutions to winter sales problems
Recently, steel mills have found new solutions to deal with winter sales problems. Steel mills use the hedging function of futures to lock in steel and raw material prices to avoid winter…
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…
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…