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Latest Developments in the Steel Industry: Major Deal for Spiral-Welded Steel Pipes in Aramco Project
In a significant advancement for the steel manufacturing sector, a leading steel company has secured a major contract for the manufacture and supply of spiral-welded steel pipes, also known as SSAW (Spiral Submerged Arc Welded) pipes, for a high-profile project with Saudi Aramco. This deal not on...Read more -
Seamless Pipe Market Poised for Growth Amid Government Support
The seamless pipe market is on the brink of significant expansion, driven by increasing government support and a rising demand for high-quality piping solutions across various industries. According to a recent report by Fortune Business Insights, the market is expected to create lucrative opportu...Read more -
IMARC Group Report: Insights into Galvanized Steel Pipe Manufacturing Plant Project
The galvanized steel pipe industry is witnessing significant growth, driven by increasing demand across various sectors, including construction, automotive, and infrastructure. The IMARC Group’s latest report provides a comprehensive analysis of the galvanized steel pipe manufacturing plant proje...Read more -
Global Demand for ERW Steel Pipes on the Rise: A Look at Market Trends and Company Expansion
In recent years, the demand for Electric Resistance Welded (ERW) steel pipes has surged across various global markets. These pipes, manufactured through low-frequency or high-frequency resistance welding techniques, are known for their durability and versatility. ERW pipes are produced by welding...Read more -
Global steel prices to trend lower on uncertain China demand recovery, study says
lobal average steel prices are likely to trend downwards as China’s domestic demand is expected to soften owing to a sluggish property sector, a report by Fitch Solutions unit BMI said on Thursday. The research firm lowered its 2024 global average steel price forecast to $660/ton from $700/...Read more -
No price increase is expected in the scrap market
Scrap production in the EU is decreasing in parallel with the decrease in steel production volumes Global scrap prices have not shown a clear trend since the beginning of September. In some markets, raw material prices continued to decline without support from major consumers, but Turkey and the ...Read more -
Chinese steelmakers reduce September prices for flat rolled products
Baosteel cut prices for steel coil for September sales by $14/t China’s largest flat producers (Baosteel, Angang and Bengang) have reduced flat offer levels for September sales, which are expected to be challenging. This is reported by Baosteel cut prices for steel coil for September sales by $14...Read more -
China continues to increase steel exports in H1 2024
Due to weak domestic consumption, local steelmakers direct surpluses to unprotected export markets In the first half of 2024, Chinese steelmakers significantly increased steel exports by 24% compared to January-June 2023 (to 53.4 million tons). Local producers are trying to find markets for their...Read more -
Welded steel pipe market expected to improve
In 2024, China’s steel industry continues to grapple with significant challenges both domestically and internationally. Geopolitical conflicts have intensified, and the Federal Reserve’s repeated delays in interest rate cuts have compounded these issues. Domestically, the shrinking re...Read more -
International crude oil prices remain constant on Jul 18
The market was worried about the slowdown in the United States’ economic growth, but it expected the Federal Reserve System (FED) to cut interest rates soon. International crude oil prices remain constant on July 18 amid mixed messages about crude oil demand. West Texas Intermediate (WTI) c...Read more -
What material is A36 made of?
A36, also known as ASTM-A36, is a type of steel under the American standard ASTM with a yield strength of 36KSI (≈250Mpa). Comparing its physical and chemical properties standards with several common types of steel in domestic standards: Summary of comparison: 1. Because Q235B is resistant to ...Read more -
Foreign trade set to stay resilient this year
China’s foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue to exhibit resilience this year, according to officials and executives on Friday....Read more
TIANJIN RELIANCE STEEL CO., LTD
Jinghai District Tianjin City, China
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