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The Fed’s 75 basis point increase is the most aggressive tightening since the 1980s
The Federal Open Market Committee (FOMC) raised its benchmark interest rate by 75 basis points to a range of 2.25% to 2.50% on Wednesday, in line with market expectations, bringing the cumulative increase in June and July to 150 basis points, the largest since Paul Volcker took the helm of the Fe...Read more -
What will happen to China’s steel market under global inflation?
The current global inflation is high, and it is difficult to end in a short time, which will be the biggest external environment facing China’s steel market in the future. While severe inflation will dent global steel demand, it will also create significant opportunities for the Chinese ste...Read more -
The European Parliament approved proposals to reform carbon markets and tariffs
The European Parliament has voted by a large majority to reform the carbon market and tariff, indicating that the legislative process of Fitfor55, the EU’s emissions-reduction package, will move to the next stage. Draft legislation from the European Commission further toughens carbon cuts a...Read more -
A weekly overview of the steel industry
China and the US are in different economic cycles and China does not need to follow the US in raising interest rates On June 15, local time, the Federal Reserve announced to raise interest rates by 75 basis points, the single largest increase since 1994. Since the beginning of this year, the rise...Read more -
Steel market brief comment: futures continue to explore steel prices can “reverse attack”?
Futures “multi – short” battle, the trend is tangled. When disk sense of power is insufficient, many hair force, continued upward challenge traders expected point, once boosted spot sentiment. But the afternoon disk amplitude again increased, but bears did not form effective sup...Read more -
Steel price bottom completed stage rise channel open
This week steel prices continued to shock, the initial continued decline, mid-week oversold rebound, but the rise is not clear, continued to reduce positions up, increase the price of drag resistance. But near the weekend, futures firm the current key support level, the formation of a more obviou...Read more -
What is Steel Plate？
Steel plate is poured with molten steel, cooled and pressed into flat steel. It is flat, rectangular and can be rolled directly or cut from a wide strip of steel. According to the thickness of steel plate, thin steel plateRead more -
Application of Precision Steel Pipe
Precision steel tube is a kind of high precision steel tube material processed by cold drawing or hot rolling. Because the inner and outer walls of precision steel tubes have no oxide layer, no leakage under high pressure, high precision, high finish, no deformation in cold bending, flaring, flat...Read more -
Advantages of Seamless Steel Tube
Seamless pipe is a hollow section, no joints around the strip steel. The total production of seamless pipe in the world has more than 110 countries of more than 1850 companies under more than 5100 production plants, including the production of oil pipelines in 44 countries of more than 170 compan...Read more
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