Steel Dynamics CEO Mr Mark Millett says the steel market is at an inflection point and that the industry will see upward momentum in the next month. According to Bloomberg, Millett told the virtual SMU Steel Summit that he sees warehouse construction staying strong through 2020 and into 2021 as cons
Oil fell the most in a week with a sluggish U.S. labor market compounding concerns that demand will remain weak. Futures in New York declined by 0.8% on Thursday, retreating from a five-month high. Applications for U.S. unemployment benefits unexpectedly increased last week, boding poorly for fuel c
China's semi-finished steel product imports in July surged more than tenfold from a year earlier to the highest level since at least 2016, customs data showed on Tuesday, fuelled by lower overseas prices and robust demand at home. The world's top steel producer brought in 2.46 million tonnes of semi
According to the latest statistics from BIR, wasteful consumption in most major markets declined in the first quarter, while wasteful consumption in Turkey increased. The authors of the statistical report, Rolf Willeke, and Daniela Entzian said that in the first quarter, China’s scrap consumption fe
Spiral steel pipe is a spiral seam steel pipe with steel reel as raw material, which is often heated and extruded, and welded by automatic double wire double-sided submerged arc welding process. The spiral steel pipe feeds the strip into the welded pipe unit. After rolling a plurality of rolls, the
Spiral welded pipe common forging equipment commonly used hammer, hot die forging press, horizontal forging machine and friction press. The basic process of die forging process die forging process: cutting, heating, forging, forging, stamping, cutting edge, quenching and peening. Common processes ar
In the first half of 2019, India overtook South Korea to become the world's second largest importer of scrap steel. According to data released by the Indian Ministry of Commerce, India’s scrap imports in the first half of the year increased by 35% to 3.87 million tons, of which the two major supplie
Steel is divided into four categories, namely: plate, tube, type, wire. Steel is one of these four categories. Our daily steel is divided into simple section steel and complex section steel according to the shape of the section. Our well-known 304 stainless steel plate can also be a type of steel. B
