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On March 4, the chairman of Baowu, Chen Derong noted the crude steel output last year of Baowu has reached 95.22 million tons, exceeding that of Arcelor Mittal (89.80 million tons) and ranking first in the world. He also said that the steel capacity of China consists of 50% of the world's steel capacity, so it’s normal for Baowu to rank the first by output. He said, however, this is just the first...
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1. Micro-environment The global economy is still going slowly and the domestic economy is still under pressure. The fiscal policy will be considered as a priority to the monetary policy. The US-China negotiation has got an over-expected effect and the bilateral relations still have a great possibility to be improved. 2. Downstream demand The real-estate policy of 2019 will be moderate than that of...
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In 2020, the iron and steel industry will continue to strengthen the supply-side structural reforms and strictly prohibit overcapacity. In recent five years, the steel industry keeps a stable operation and has had prosperous momentum while also remains some concerns like fast capacity releasing, a sharp increase of iron ore prices, high environmental pressure, etc. In 2019, China’s crude...
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China’s leading producer of steel Hebei Province governor Xu Qin announced that Hebei Province will continue with huge overcapacity cuts in 2020 amid an ongoing industrial upgrading. He said “The province plans to cut production capacity of steel and iron by 14 million tonnes this year.” Hebei and several other regions around Beijing are home to major steelmakers, coal mines and chemical plants. T...
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All metals will have a reaction with oxygen in the atmosphere, forming the oxidation film on its surface. Unfortunately, the ferric oxide on the surface of general carbon steel will keep oxidizing and the rusting areas will keep expanding, finally forming a hole. We can add oil painting or electroplate the metals of oxidation-resistance (like zinc, nickle and chrome) to protect the metals. However...
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Shinmade,focusing on product quality and customer service,consist on the service concept of “all for customer’s convenience, confidence and honor”. We aim to strengthen regional competitiveness and sheet-strip brand establishing by transforming and upgrading to green, ecology and intellectual industry.
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