📰 Stainless Steel Industry News

Stainless Steel Industry Update

📈 On July 17, 2024, the stainless steel futures contract 2409 fell by 115 to 13,815 yuan/ton, with a spot-futures price difference of 305. The stainless steel futures contract 2409 saw a decrease of 115 to 13,815 yuan/ton, with an increase in positions by 13,799 to 161,796, and a volume of 158,267 trades.

📊 In the spot market, the 2.0mm rough edge of the Wuxi 304 cold-rolled Hongwang is reported to be around 14,070 yuan/ton (converted to a trimmed edge of about 14,120), with the current stainless steel spot-futures price difference at 305.

📉 In the Foshan market, the stainless steel futures market fell below the 13,900 mark in the morning, then bounced back and hovered around the mark, with the market showing a green trend. The 304 cold-rolled agents in the spot market remained flat, while some traders saw a slight decline of 30-50. The market prices showed some weakness, but some still maintained a high position to watch, with the overall fluctuation range limited. Prices and transactions continued to be stagnant, and the atmosphere was quiet. The 304 hot-rolled narrow strip, which rose yesterday afternoon, fell back by 30-50 today, and there was still a low price refresh in the afternoon.

🏭 In the Wuxi market, in terms of stainless steel spot, the main quotation for the private 304 cold-rolled four-foot rough base in the Wuxi area was 13,650 yuan/ton, and the private hot-rolled price was 13,400 yuan/ton, both unchanged from the previous day. The night market operated with fluctuations, with overseas inflation falling and non-ferrous metals touching the bottom and rebounding, with a significant increase in nickel prices at the end of the day; the terminal's wait-and-see sentiment was relatively strong, waiting for the meeting to end, and the market's rigid demand was mainly for purchase, with traders quoting mostly stable in the morning.

🏗️ Recently, the 2.0×1535mm specification thin plate of Taigang Xinhai was successfully rolled in one go, marking the thin specification limit of the dual furnace rolling mill tuning.

🏭 The stainless steel new material industry cluster in Fuan City is planned to be determined as the characteristic industry cluster of small and medium-sized enterprises in Fujian Province by the Fujian Provincial Department of Industry and Information Technology. The list is being publicized from July 16 to July 22, 2024.

🏗️ The 1450mm rolling production line of the Jing'an stainless steel rolling and pickling project in Naiman Banner, Inner Mongolia, is under construction and is expected to be ready for production in August 2025.

🏭 On July 16, the Wencheng Branch of the Wenzhou Municipal Ecological Environment Bureau accepted the environmental impact report form of the high-end stainless steel pipe project of Zhejiang Zhongcheng Technology Co., Ltd. and announced it to the public, with the announcement period from July 16 to July 25, 2024 (7 working days).

🏭 The first batch of key equipment for the production line of the kitchen and bathroom industry base project in the modern equipment manufacturing industry park of Yangquan City, Shanxi, has begun to be installed. The project's main body company has fully started the internal renovation work of the standard factory building.

🏭 The second phase project of Bodeman Technology in Xiaoling Town, Zhashui County, Shaanxi, has been basically completed. The annual investment has been completed by 53 million yuan, and all equipment has been installed and debugged, entering the trial production. The project mainly produces various stainless steel products, with an annual production of 150,000 square meters of stainless steel products and an annual output value of 200 million yuan.

📉 Jinchuan Company's electrolytic nickel quotation was reduced by 900 on July 17. The quotation is as follows: Shanghai electrolytic nickel (plate) 134,200 yuan/ton; barrel small block 135,400 yuan/ton; the above quotations were reduced by 900 compared to the prices on July 16.

📉 Vale's nickel production in the second quarter was 27,900 tons, a decrease of 24% year-on-year, mainly due to the implementation of the planned maintenance and repair strategy in the nickel processing plant.

🏭 Luoyang Molybdenum Industry recently developed the "Comprehensive Recovery Process Research and Industrialization of Low-grade Iron Associated with Molybdenum Tailings". The results have been evaluated and found to be advanced and innovative, with the overall technical level reaching the international advanced level, and the "magnetic - grinding - magnetic" combined process technology reaching the international leading level.

🏭 On July 16, the Shanghai Futures Exchange announced a draft contract for lead, nickel, tin, and alumina futures options, and is now soliciting opinions from the public.

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Suspension of Scrap Collection Sparks Speculation of Strategic Retreat

📰 51 Stainless Steel - July 17, 2024 - Industry insiders have reported that a stainless steel narrow strip mill in East China recently informed its suppliers that it will indefinitely stop collecting all types of scrap materials from now on.

🤔 The news has sparked speculation among peers that the mill might be considering a strategic retreat. After all, it is considered a relatively high-quality enterprise.

🏭 An industry insider's perspective: "The company has experienced both profitable and challenging times in the industry. Even if they stop operations now, the plant and land are still valuable assets. Not everyone has such confidence in the current day."

However, according to our communication and understanding, the steel mill has stated that there are no other plans at the moment; it is simply a response to the recent inspections by relevant departments.

📈 For market quotations, suppliers, and more information, please visit our platform.

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Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information: - Website: https://www.metal-ae.com/www.metal-ae.com - Email: ae@americenergy.com - Phone: 13521210668 - WhatsApp: 13521210668 - Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

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Steel Industry News Highlights

TISCO Xinha Successfully Rolls 2.0×1535mm Thin Plate in One Operation

Recently, TISCO Xinha in Shandong has successfully rolled a 2.0×1535mm specification thin plate in a single operation. This rolling process has set higher standards for equipment precision, automation control level, and operator skills. The difficulty of rolling has significantly increased with the wider width and thinner thickness of the steel plate.

It is reported that the 2.0×1535mm thin plate is the thin specification limit for the dual furnace rolling mill adjustment. To ensure the successful completion of this task, the leadership of TISCO Xinha has attached great importance to it, focusing on key points and resolving issues encountered in production in a timely manner. The hot rolling party branch has mobilized party members to take the lead and actively tackle difficulties through various forms such as "three meetings and one lesson". By playing the entrepreneurial spirit, multiple technical backbone meetings have been held for rigorous planning and conducting multiple simulation rolling tests, addressing issues such as rough rolling work roll kilometers and secondary model testing one by one. Parameters such as rolling passes and rolling load distribution have been repeatedly optimized, and the rolling plan has been strictly demonstrated to ensure efficient equipment operation and product quality. The success of this rolling is of milestone significance for the company's adoption of the dual-stand furnace rolling mill production process, marking a new breakthrough in product specifications.

Indonesian Guangqing's New 1780mm Hot Continuous Rolling Project Successfully Passes Hot Load Test

Recently, the new 1780mm hot continuous rolling project of Indonesian Guangqing De (a cooperation project between Indonesian Qingshan and Hebei Delong), which is contracted by Guoji Heavy Industry for mechanical, electrical, and hydraulic equipment, has successfully passed the hot load test in one go. This is the first set of modern hot continuous rolling equipment for stainless steel and carbon steel exported overseas by Guoji Heavy Industry, with comprehensive technical performance reaching the international leading level. The project is jointly responsible by China Heavy Industry Academy and Erzhong Equipment, which are part of Guoji Heavy Industry.

Guoji Heavy Industry has fully exerted its strong scientific and technological research strength and the full industrial chain manufacturing capability of major technical equipment. Through precise design, precision manufacturing, lean quality, and meticulous service, it has created a high-quality, high-quality, and high-stability hot continuous rolling machine production line with advanced equipment such as high-reliability and high-precision finishing mill units and high-rigidity roughing mill units, as well as new generation of bending and rolling systems, and hot coil box saturated steam blowing systems, and other technologies. It can meet the needs of users for efficient rolling of a mixed production mode of more than 4.5 million tons of multi-brand carbon steel products and a series of high-quality stainless steel products per year, providing strong support for promoting the high-end, intelligent, and green development of metallurgical equipment.

Jing'an Stainless Steel Pickling Project's 1450mm Rolling Production Line Under Construction

It is reported that the large machinery of the Jing'an Stainless Steel Pickling Project in Naiman Banner, Inner Mongolia, is operating orderly.

The project has a total investment of 5.31 billion yuan, with an annual output of 2.2 million tons of stainless steel coil, which can provide more than 3,000 jobs. So far, one 1050mm rolling production line has been put into production conditions, equipped with two pickling production lines, and started trial production on July 4th. The 1450mm rolling production line is under construction and is expected to be ready for production in August 2025.

At present, Naiman Banner has 8 stainless steel industry-related enterprises, 6 construction projects, and 5 nickel slag disposal enterprises in the park, which can digest 7 million tons of nickel slag annually. Upstream, Naiman Banner will focus on undertaking raw material projects such as nickel iron, silicon manganese, and high-carbon chromium iron alloy. Downstream, it will focus on undertaking projects in the fields of stainless steel profiles, tableware and kitchen utensils, precision castings, medical equipment, and other fields. It is expected that by the end of the "14th Five-Year Plan," the total industrial chain output value will exceed 100 billion yuan.

Handan Special Tube Successfully Develops Martensitic Stainless Steel Tubes for Oil Use

Handan Special Tube adheres to market demand as a guide, accelerates the domestication of high-end products, and stands in the high-end industry, achieving a new breakthrough in the research and development and production of 85KSI martensitic stainless steel tubes for oil use.

This product has a complex performance in heat treatment process compared with different components of 13Cr, and the production difficulty is relatively large. To successfully tackle the process, the technical backbone of the party group of the company's R&D center has consulted materials, optimized the composition, carried out a series of steel tube extrusion and heat treatment experiments, summarized the technical indicators and production parameters that 85KSI-13Cr can achieve, and successfully developed more than 10 specifications of 85KSI-13Cr products. After testing, while the strength meets the requirements, the impact energy is more than 50% higher than the conventional 13Cr, and the product quality performance is stable.

The successful development and production of 85KSI martensitic stainless steel tubes for oil use not only provides a larger selection space for domestic users to extract oil and gas wells with different CO2 and H2S corrosion conditions but also greatly enhances the technical level of domestic high-alloy oil well tube production, making an outstanding contribution to the company's development in the field of high-end stainless steel tubes.

 

Vale's Q2 Production and Sales Surge, Full-Year Target Expected to be Achieved at High Levels 📈

Part 01: Robust Overall Performance in Q2, Achieving Year-on-Year Double Growth 🚀

Vale, the largest iron ore producer in Brazil, released its production and sales report for the second quarter of 2024 on July 17th, Beijing time. The performance was very impressive compared to the same period last year. Specifically, with substantial financial support for infrastructure upgrades and maintenance, Vale's iron ore production remained stable in the second quarter, reaching 80.6 million tons, an increase of 1.9 million tons, or 2.4% year-on-year (Figure 1), marking the highest for the same period in the past four years. At the same time, there was a noticeable increase in iron ore sales in the second quarter, with a year-on-year increase of 5.4 million tons to 79.8 million tons, a significant increase of 7.3% (Figure 2).

Additionally, affected by the reduction of pellet fines at the Vargem Grande plant and the maintenance at the São Luis plant, Vale's total pellet production slightly decreased in the second quarter, down 210,000 tons year-on-year to 8.9 million tons, a decrease of 2.4%.

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Part 02: Overall Stable Performance of Three Major Mining Areas, Strong Performance of the Northern System 🏭

1. Northern System: The S11D mine area performed brilliantly, setting a new historical high for the second quarter's production. The Northern System is located in the Carajás region of Para State, Brazil, and is Vale's largest iron ore production area, including three mining complexes: Serra Norte, Serra Leste, and S11D. The main product is Carajás fine powder. According to the production situation of the mine area, the increase in iron ore in the Northern System in the second quarter mainly came from the S11D mine area, which produced a total of 19.5 million tons of iron ore in the second quarter, an increase of 400,000 tons, or 2.1% compared to the second quarter of 2023 (Figure 3), setting a new historical high for the second quarter. This is mainly due to the ongoing asset maintenance plan to ensure stable production. In addition, although the production of the Serra Norte mine area slightly decreased year-on-year during this period, it was in line with the development plan of the mine area.

2. Southeastern and Southern Systems: Overall stable production, with the Vargem Grande mine area showing strong performance. The Southeastern System is located in Minas Gerais State, divided into three major integrated production areas: Itabira, Minas Centrais, and Mariana. The Southern System is also located in the same state, composed of two major integrated mining areas: Paraopeba and Vargem Grande. These two systems are the main production areas for Vale's pellet products. In the second quarter, the total production of iron ore from the two systems was 41.06 million tons, an increase of 2.47 million tons year-on-year, an increase of 6.4%. The pellet production was 5.85 million tons, accounting for 65.7% of the total pellet production, almost unchanged from the 5.83 million tons in the second quarter of 2023.

Among them, the Southern System performed particularly well, setting a new high for the second quarter's production in the past five years. The iron ore production of the Southern System in the second quarter was 19.84 million tons, an increase of 3.05 million tons quarter-on-quarter, an increase of 18.2%. This is mainly due to the excellent operational performance of the Vargem Grande mine area in the second quarter, which produced 11.87 million tons of iron ore, achieving a year-on-year increase of 27.5%. In addition, the comprehensive facilities of the Paraopeba mine area have also been continuously maintained and upgraded during this period, contributing to the overall increase in production of the Southern System. During this period, the iron ore production of the Southeastern System slightly decreased to 21.23 million tons, a decrease of 560,000 tons year-on-year, a decrease of 2.6%. This is mainly because after the Brucutu plant was converted to wet processing last year, the share of high-quality ore production increased. In addition, some factories in the Itabira production area carried out equipment maintenance, which also affected the iron ore production to a certain extent, largely offsetting the purchase volume of third parties.

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Part 03: The 2024 Annual Production Target Remains Unchanged, Expected to be Achieved at High Levels 🎯

By the end of the second quarter, Vale's overall production and sales continued the outstanding performance of the first quarter. The excellent operating performance of this quarter has strengthened the company's confidence in achieving the annual production target for iron ore at the upper limit of the guidance. Thanks to this, although Vale announced that the 2024 annual production target remains unchanged at 310-320 million tons, the total production of iron ore in the first half of the year was 151 million tons. According to the upper limit of the target, the current progress is 47.3%. Considering the seasonal growth space in the second half of the year, Vale's target setting is relatively conservative, and Mysteel estimates that its annual production will be completed at high levels and may exceed the upper limit of the target, maintaining above 320 million tons.

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Introduction to Americ Energy (CHINA) Co., Ltd.:

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• whatsapp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

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Stainless Steel Circulation in Southwest China: A Significant 800,000 Tons Monthly

Chongqing, the second most important city in Southwest China, is a hub of population and innovative business forms. The demand for stainless steel products in modern planning and landmark buildings is huge and continues to grow rapidly. The monthly total circulation volume of stainless steel in Chongqing, Kunming, Guiyang, and Chengdu is nearly 800,000 tons. The main consumption fields include decoration, chemical projects, machinery, home products, and liquor enterprises, with Chongqing's monthly circulation volume of stainless steel being around 10,000 to 20,000 tons, mainly circulating 201 and 304 cold-rolled plate resources.

Upcoming Event: To delve deeper into the Southwest stainless steel market, the 2024 Stainless Steel China Tour - The 2nd Southwest Stainless Steel Industry Chain Conference, hosted by Shanghai Steel United E-commerce Co., Ltd. (Mysteel), will be held on August 2, 2024, at the Chongqing Sheraton Hotel. The conference aims to deepen information communication between upstream and downstream, analyze the technical and cost issues faced by current stainless steel product enterprises, and explore how to reduce costs, improve product quality, enhance product competitiveness, and better meet new challenges and opportunities.

Shanghai Steel United sincerely invites downstream enterprises, stainless steel factories, large processing centers, and industry association organizations to participate in this grand event. Through on-site discussions and exchanges between upstream and downstream, the conference will strengthen complementary advantages and create a future together.

Americ Energy (CHINA) Co., Ltd.

Americ Energy (CHINA) Co., Ltd. is a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings include stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: https://www.metal-ae.com/www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• WhatsApp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

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Successful Hot Test of GCDMR's 1780mm Hot Strip Mill Project in Indonesia by China Heavy Machinery Institute

Recently, the 1780mm hot strip mill project of GCDMR's hot rolling factory, undertaken by the wholly-owned subsidiary of China Heavy Machinery Institute, Xi'an Heavy Machinery Technology Co., Ltd., in conjunction with Erzhong (Deyang) Heavy Equipment Co., Ltd., has successfully completed the full-line hot load test and rolled the first volume. During the hot load test, the equipment operated stably, and the steel coil had a good shape.

The contract includes the design of the entire line of electromechanical and hydraulic systems, complete equipment supply, equipment commissioning, performance acceptance, and technical guidance and training. This is the first set of modern hot continuous rolling equipment for stainless steel and carbon steel exported overseas by Guoji Heavy Industry, with comprehensive technical performance reaching an internationally leading level.

This project is a joint investment by Tsingshan Group and Delong Group in the Tsingshan Industrial Park in Morowali County, South Sulawesi Province, Indonesia, with an annual output of 4.5 million tons of 1780mm hot continuous rolling production line, including 1 million tons of stainless steel hot rolling coil and 3.5 million tons of carbon steel hot rolling coil annually. China Heavy Machinery Institute, affiliated with Guoji Heavy Industry, has organized, designed, manufactured, and served precisely with its brother unit Erzhong Equipment, fully leveraging its strong R&D strength and full industry chain manufacturing capabilities of major technical equipment, to create a high-quality, high-quality, and highly stable hot continuous rolling machine production line.

Ningbo Baoxin's BA Plate Order Volume Increased by 34% Year-on-Year in the First Half of the Year

Recently, Ningbo Baoxin held a management symposium for the second half of 2024, mentioning that the company continues to expand orders and optimize the structure to enhance overall profitability.

In the first half of the year, the futures order volume increased by 14.9% year-on-year. By continuously optimizing the product mix and increasing the order volume of high-profit products such as BA surface, automotive decoration strips, and hard steel, the BA plate order volume increased by 34% year-on-year; the order volume of automotive decoration strips increased by 186%; the order volume of hard steel increased by 61%; the order volume of 400 series increased by 4.7%, ensuring the company's full-load production and enhancing the company's overall profitability.

Baosteel Desheng Achieves a 75% Reduction in Pollutant Emission per Ton of Steel Compared to Before the Transformation

Recently, Zhu Qiangqiang, Deputy Minister of Energy and Environmental Protection of Baosteel Desheng, introduced in an interview, "We have invested more than 1.4 billion yuan in ultra-low emission transformation, achieving a 75% reduction in pollutant emissions per ton of steel compared to before the transformation. By implementing the cascade utilization of wastewater and the utilization of solid waste resources, the company can now achieve 'zero wastewater discharge, no solid waste out of the factory'. Building a green, high-quality, and intelligent stainless steel industrial base is our goal."

Antam's Nickel Mineral Production and Sales Volume Decreased by 46.32% in the First Quarter

Jakarta - PT Aneka Tambang Tbk (Antam) explained its operational performance in the first quarter of 2024, including the production and sales of gold, nickel, bauxite, alumina, and silver commodities.

Syarif Faisal Alkadrie, head of the company's secretary department, said that the company is facing challenges in licensing, global geopolitical and economic conditions, and fluctuations in commodity prices. "In the first half of 2024, Antam is striving to maintain production and sales at the best level to complete the 2024 work plan," he said in the information disclosed to the public on Wednesday (17/7/2024).

In the first quarter of 2024, Antam's nickel ore production reached 4.19 million wet tons (wmt), a decrease of 39.53% compared to the same period last year. However, the second quarter of 2024's production increased by 90% compared to the first quarter of 2024. Nickel ore sales reached 3.36 million tons, a decrease of 46.32% compared to the first half of 2023, but the second quarter of 2024 sales increased by 135% compared to the first quarter of 2024.

 

 

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