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Profit of industrial enterprises decreased by 4.0% in 2022
In 2022, the profit of industrial enterprises with certain business scales decreased by 4.0% y-o-y to RMB8.4.385 trillion, according to NBS. The profit of state-owned enterprises and state shareholding enterprises increased by 3.0% y-o-y to RMB2.37923 trillion. The profit of joint-stock enterpris...Read more -
In February 2023, steel market trend forecast
The core of the rise in steel prices in January is the driving of rising capital markets abroad and a good domestic macro situation. In the context of the gradual weakening of the Federal Reserve’s interest rate hike expectations, the prices of many foreign products, especially metal produ...Read more -
“Recycled Steel Raw Materials” national standard released
On December 14, 2020, National Standardization Administrationapproved the release of the “Recycled Steel Raw Materials” (GB/T 39733-2020) recommended national standard, which will be officially implemented on January 1, 2021. The national standard of “Recycled Steel Raw Material...Read more -
China Iron and Steel Association plans to establish a low-carbon work promotion committee of China Iron and Steel Association
On January 20, the China Iron and Steel Association (hereinafter referred to as “China Iron and Steel Association”) issued a notice on the proposed establishment of the “China Iron and Steel Association Low-Carbon Work Promotion Committee” and the solicitation of committee...Read more -
Chinese Steelmakers go for Danieli Zerobucket EAF Technology: Eight new units ordered
Orders for eight new Danieli Zerobucket electric arc furnaces have been placed by five Chinese steelmakers over the last six months. Qiananshi Jiujiang, Hebei Puyang, Tangshan Zhongshou, Changshu Longteng and Zhejiang Yuxin relied on Danieli electric steelmaking Zerobucket technology for their in...Read more -
37 listed steel released financial reports
As of August 30, 37 listed steel companies have released financial reports for the first half of the year, with a total operating income of RMB1,193.824bn and a net profit of RMB34.06bn. In terms of operating income, 17 listed steel companies achieved positive y-o-y revenue growth. Yongxing Mater...Read more -
Steel PMI decreased to 46.1% in August
According to the latest data released by China Federation of Logistics & Purchasing (CFLP) and NBS, the Purchasing Managers’ Index (PMI) of manufacturing industry was 49.4% in August, 0.4 percentage points lower than that in July. New order index (NOI) was 49.2% in August, 0.7 percenta...Read more -
Steel product stocks were increased in mid-March
According to the statistics of CISA, the daily output of crude steel was 2.0493Mt in major steel enterprises counted by CISA in mid-March, up by 4.61% compared with that in early-March. The total output of crude steel, pig iron and steel products were 20.4931Mt, 17.9632Mt and 20.1251Mt respective...Read more -
Market price changes of important productions in late-March 2022
According to the monitoring of the market prices of 50 important productions in 9 categories in the domestic market in late-March 2022, compared with previous ten days of March, the prices of 38 kinds of products increased while 11 kinds of products increased, 1 kind of products remained the same...Read more -
Long-process steel companies in Tangshan will be integrated into around 17 companies
Long-process steel companies in Tangshan will be integrated into around 17 companies According to latest news from Tangshan City, Tangshan will integrate long-process steel enterprises into about 17 companies. The proportion of high value-added steel products will reach more than 45%. By 2025, ...Read more -
Steel export went up by 31.6% y-o-y during January to August
Steel export went up by 31.6% y-o-y during January to August According to the statistics of the Customs, the export of steel products was 5.053Mt in August. The total export was 48.104Mt during January to August, up by 31.6% y-o-y. The import of steel products was 1.063Mt in August. The total imp...Read more -
The output of crude steel was increased by 11.8% y-o-y during January to June
The output of crude steel was increased by 11.8% y-o-y during January to June According to the statistics of CISA, the national outputs of pig iron, crude steel, and steel were 456Mt, 563Mt, and 698Mt during January to June, up by 4.0%, 11.8%, and 13.9% y-o-y. The apparent consumption of crude s...Read more
TIANJIN RELIANCE STEEL CO., LTD
Jinghai District Tianjin City, China
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