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
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, 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
Why will Venezuela Oil Export to China under America’s prohibition? For major economies, oil is an important strategic resource, and plays an important role in industrial development. It once has been called “the blood of industry”. When speaking of oil, most of us will come up with Saudi Arabia, because… Read More »Venezuela Oil Export to China Reaches 1130 Barrels in 2020
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
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
On January 15, PetroChina signed a contract to become the official partner of the China Pavilion at the Dubai World Expo 2020. The 2020 Dubai World Expo, originally scheduled to open on October 20, 2020, is the first World Expo to be held in the Middle East. Affected by the… Read More »Petrochina Becomes Official Partner Of China Pavilion At Dubai Expo 2020
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
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
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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