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JISCO Hongxing

2021 Operation Plan of JISCO Hongxing

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According to source, board of directors of JISCO Hongxing passed company’s 2021 Year Operation Plan. And this plan includes producing 8.3 million tons cast iron, 9.5 million tons steel (0.99 million tons stainless steel), and 9.5 million tons steel products (0.92 million tons stainless steel), which plans to achieve operating… Read More »2021 Operation Plan of JISCO Hongxing

Oil-storage-base

China Will Construct Oil Strategic Projects, The Oil Usage Time May Reach 90 Days

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Petroleum has been known as “industrial blood” for many years. No country can develop without oil strategic projects. This is one of the reasons why the United States wanted to enter the Middle East in the first place. It is reported that as of 2015, China has completed the construction… Read More »China Will Construct Oil Strategic Projects, The Oil Usage Time May Reach 90 Days

Sherritt-International

Sherritt Failed to Achieve 2020-Year Plan Due to Supply Interruption from Cuba

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Sherritt International, a manufacturer of nickel and cobalt, has disclosed the 4th quarter and whole year (by the end of 31st Dec, 2020) production volumes. In its announcement, it shows that a joint venture in the city of Moa, Cuba, produced 31,506 tons of 100-base nickel in 2020, which is… Read More »Sherritt Failed to Achieve 2020-Year Plan Due to Supply Interruption from Cuba

Thyssenkrupp Steel Division

Thyssenkrupp Considers Listing Its Steel Division

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According to sources, ThyssenKrupp is considering listing its steel division independently as an alternative to selling the division, because there is growing opposition to selling it to the Liberty Steel Group. ThyssenKrupp executives are studying the transfer of shares in the steel division to existing shareholders. For many years, ThyssenKrupp… Read More »Thyssenkrupp Considers Listing Its Steel Division

welded stainless steel pipe

Stainless Steel Weld Tube Stock and Production Increasing Steadily in China

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By the end of 2020, the demand for stainless-steel weld tubes grows lower, but the stainless steel weld tube stock and production start to increase steadily. Now, the supply and demand in Chinese market have been changed. And the price for stainless-steel weld tubes slightly goes up. The stainless steel… Read More »Stainless Steel Weld Tube Stock and Production Increasing Steadily in China

Deep-Sea- No.1

China National Offshore Oil Industry Adds Heavy Equipment

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The largest displacement of the offshore oil industry is comparable to 3 medium-sized aircraft carriers On January 14, China National Offshore Oil Corporation (hereinafter referred to as “CNOOC”) announced to the public that the world’s first 100,000-ton deepwater semi-submersible production and storage platform-“Deep Sea No.1” independently developed and built by… Read More »China National Offshore Oil Industry Adds Heavy Equipment

Malaysia's Restoration Of COVID-19 Restrictions

Malaysia’s Restoration Of COVID-19 Restrictions Has Brought Uncertainty To The Steel Market

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The Malaysian government has reintroduced stricter COVID-19 restrictions on January 13, which has brought uncertainty to the local steel industry. Some sources predict that scrap delivery may be delayed and the recovery of the downstream market may be reversed. The Ministry of Trade and Industry of Malaysia stated that Penang,… Read More »Malaysia’s Restoration Of COVID-19 Restrictions Has Brought Uncertainty To The Steel Market

jingye-group

Jingye Group Was Rated As A Class A Competitive Enterprise Of China’s Iron And Steel Enterprises

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Recently, the “2021 China and Global Steel Demand Forecast Research Results, Steel Enterprise Development Quality and Comprehensive Competitiveness Evaluation Conference” organized by the Metallurgical Industry Planning and Research Institute was held in Beijing. 141 steel companies entered the rating range, of which Jingye Group was rated It is an A-level… Read More »Jingye Group Was Rated As A Class A Competitive Enterprise Of China’s Iron And Steel Enterprises

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