Chinese plate exporters kept lowering prices amid slow demand abroad and ongoing competition with foreign suppliers. However, the pace of decrease slowed down due to relatively firm local prices and buying activity.
The Trump administration recently announced that all waivers for the purchase of oil from US-sanctioned Iran will expire in May. China, India, Japan, South Korea, Taiwan, Turkey, Italy, and Greece were provided waivers to assist in the transition to alternative oil sources. The White House stated that the goal is to bring Iran’s oil exports to zero and "deny the regime its principal source of revenue."
MANILA, April 29 (Reuters) - Iron ore futures in China climbed in early trade on Monday, propped up by stockpiling demand ahead of Labour Day holidays beginning May 1, while steel prices edged higher as concerns persist over production curbs. Spot iron ore for delivery to China SH-CCN-IRNOR62, with 62 percent fines, was at $93.80 a tonne, based on the latest data from SteelHome consultancy.
China's Iron and Steel Association said on Sunday the industry faces ongoing risks from excess capacity, as well as sluggish demand and increased raw material costs that could squeeze profits. The country's sprawling steel sector, which has cut 150 million tonnes of steel production over the past three years, was "far from achieving its tasks" amid Beijing's supply-side reforms, the association said in an online statement.
The Indian government unlikely to go in for another round of hike in import duties, including steel products, at least not immediately, a government official said.
Discussing the expectations for 2019, Turkish Steel Exporters’ Association (CIB) president Adnan Aslan has said that the Turkish steel industry has the advantage of its export and market knowledge besides its productivity. According to Aslan, Turkey’s exports volume might go down to 15-16 million mt, compared to 21.4 million mt in 2018.
India’s Directorate General for Foreign Trade (DGFT) under the Ministry of Commerce has withdrawn the facility of duty-free imports of flat rolled stainless steel products under the Advance Authorization scheme, a ministry official said on Tuesday, March 12.
WASHINGTON (Reuters) - The U.S. International Trade Commission said on Tuesday American producers were being harmed by the import of certain large-diameter welded steel pipe from Canada, Greece, South Korea and Turkey, locking in duties on some of those products for five years.
High pressure elbow production requirements: Stamping and processing of high production efficiency, and easy to operate, easy to realize mechanization and automation, this is because the stamping is rely on die and stamping equipment to complete the processing, ordinary press stroke times per minute can reach dozens of times, high-speed pressure can reach more than hundreds of times or even one thousand times per minute, and every time stamping stroke might get a shock.
Carbon steel elbow basic process is: first, welding a cross section of a polygon or both ends closed multi multi ring shell fan shell, internal filled with medium pressure, with inner pressure and internal pressure under the action of cross section of polygonal gradually became round, and eventually become a circular ring shell.
Carbon steel elbow without tube billet as raw material, can cut down the cost of pipe equipment and mould, and can get any large diameter and wall thickness is relatively thin elbow can shorten the manufacturing cycle, the production cost greatly reduced. Because no special equipment is needed, it is especially suitable for large bending head on site.
High pressure flange is a kind of pipe fitting connected by process pipeline. According to the connection method, there can be threaded flange and welded flange (welded flanges of flanges and butt welding flanges). Tee is for the convenience of connection pipe and production of finished products in the line fitting, points are three links: the supervisor and the diameter of the pipe is equal, variable diameter tee: executives and branch pipe diameter, tee, etc.