Market Update: Recent Trends in Raw Material Prices Imported Iron Ore Prices Show Mixed Trends Imported iron ore prices experienced slight fluctuations last week, with a subsequent decline in foreign prices translating to lower RMB-equivalent spot prices. Some large steel companies and traders opted to secure fixed-priced foreign resources, leading to a...
Overview of Electrical Steel Introduction Electrical steel, also known as silicon steel, is an alloy of carbon, silicon, and iron. It contains 0.5% to 4.5% silicon. The magnetic permeability of iron is greatly enhanced by adding silicon, which improves the efficiency of electric energy generation, transmission, and use. Electrical steel, therefore, has...
Market Analysis: June Steel Coil Prices and Trends Slow Market Transactions In June, the domestic cold-rolled and hot-rolled coil markets saw little improvement, with sluggish transactions. Li Zhongshuang, general manager of Metal Materials Co., Ltd., discussed the situation in an interview with China Metallurgical News, noting that most traders are currently cautious...
Welding Requirements for a 3mm Stainless Steel Sink Welding Considerations A 3mm stainless steel sink may need to be welded on both sides, but this depends on several factors: Weld Groove Form: Some grooves require double-sided welding, while others can be welded on one side. Specific Situations: The exact welding requirement depends...
Indonesian Stainless Steel Cold Rolling Mill Halts Production Production Suspension Announced 14 June 2024 – A major Indonesian stainless steel cold rolling mill will suspend production for several months. Following another explosion at a nickel smelter in Indonesia’s Morowali Industrial Park, chrome ore and ferrochrome prices have surged significantly in recent weeks. Details...
Specifications of 3mm Stainless Steel Plates Cold-Rolled Plates Width Options: Common: 1000mm, 1219mm Others: 1500mm, 1800mm, 2000mm Flat Plate: 10002000mm, 12192438mm Surface Finishes: 2B (Matte) BA (Bright Annealed) Brushed (Sanded, Snowflake Sand, Straight Sand) 8K Mirror Materials: Types: 201, 202, 301, 302, 304 (06Cr18Ni10), 304L (022Cr19Ni10), 316 (0Cr17Ni12Mo2), 316L (00Cr17Ni14Mo2), 309S (0Cr23Ni13), 310S (0Cr25Ni20),...
Are Indonesian Nickel Pig Iron Smelters Losing Approval? High-Grade Nickel Ore Depletion As of June 12, 2024, it is anticipated that Indonesia's high-grade nickel ore deposits will be exhausted by 2029. Already, nickel ore for stainless steel production needs to be imported from the Philippines. The Indonesian government is now considering revoking...
Essential Knowledge for Purchasing Stainless Steel What is Stainless Steel? Stainless steel is a type of steel that resists rusting and corrosion. Its resistance comes from a chromium-rich oxide film on the surface, known as a passivation film. This resistance is relative; higher chromium content increases resistance to corrosion in various environments,...
