🌟 1.75 Million Tons/year! Taigang Xinhai, Another Project Successfully Tested Hot! 🎉

Source: Baosteel Engineering

As we warmly celebrate the 103rd anniversary of the founding of the Communist Party of China, good news comes from the project site in Shandong! Recently, the Taigang Xinhai No. 2 Hot Acid Regeneration Unit project in Shandong, which was contracted by Taigang Engineering under Baosteel Engineering, has successfully completed hot load linkage testing. This project has reached an advanced domestic level and has become a powerful tool for Taigang Xinhai's stainless steel products to expand their territory and influence, as well as a model for Taigang Engineering to actively participate in and serve the construction of Taigang's "one headquarters, multiple bases" project.

Taigang Xinhai in Shandong is an important part of Taigang Group's new layout in the stainless steel field, known as the "bending bow and arrow." The Taigang Xinhai hot acid regeneration project is a strong support to increase Taigang's market share and influence in stainless steel, and to achieve scale leadership. It is the first large-scale production line construction project implemented in the branch base of Taigang Group's "one headquarters, multiple bases" strategic layout and is also a life project and a hope project for Taigang Engineering's business performance in 2024.

Since the start of the project, Taigang Engineering has organized the best design and project management teams, vigorously promoted the excellent tradition of "daring to fight and dare to fight", strengthened the awareness of quality and cost, strictly controlled the design quality, and forged high-quality projects. It has fully utilized its technical advantages, service advantages, and the successful experience accumulated in the continuous construction of 14 high-end stainless steel hot acid regeneration units in China, strengthened technical exchanges and on-site services, and won the praise and recognition of the owner.

During the construction of the project, Taigang Engineering has adhered to the "four modernizations" as a guide, adhered to the concept of "doing a good job, training a team, cultivating a group of talents, and accumulating a group of achievements", and achieved the goals of high project independent design rate and high equipment automation level through practice and innovation. The unit has reached an advanced domestic level and has achieved the first independent development of process automatic control and furnace mathematical models. Taigang Engineering adheres to the principle of economy and practicality, optimizes the design of the main workshop, unit, public auxiliary facilities, and logistics according to the actual needs of the project, ensuring smooth logistics and compact public auxiliary facilities, saving investment and land for the owner, and reserving sufficient space for subsequent cold rolling deep processing.

After 15 months of hard work, with the close cooperation of the owner Taigang Xinhai in Shandong, China Ershi Yi, and Shanxi Zhenyi supervision, the hot load linkage test of the No. 2 hot acid regeneration unit was successfully completed for the first time. Next, Taigang Engineering will continue to work hard and live up to expectations to ensure that the No. 1 hot acid regeneration unit is put into production on schedule, and the project will ultimately produce 1.75 million tons of stainless steel hot-rolled annealed and pickled coils per year.

About 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: 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

2024 Steel Price Forecast: A Tale of Two Halves

PART 01: Overcapacity in Steel and Low Smelting Profits

1. Significant Decline in Steel Consumption, Severe Overcapacity in the Steel Industry

(1) In-depth adjustment in the real estate market, infrastructure performance below expectations

The real estate market has undergone in-depth adjustments in the first half of the year, with significant declines in various indicators. From January to May, the year-on-year growth rate of major real estate indicators showed a double-digit decline. Especially the year-on-year growth rate of the completion area has turned from 17% in 2023 to -20.1% in the first five months of this year, indicating an unprecedentedly severe situation in the real estate market. According to research feedback, financial tension is still the main reason for the real estate problem. Although real estate policies have been gradually relaxed this year, the market warming signal is still not obvious. The in-depth adjustment of the real estate market has led to a significant decline in steel consumption, especially the shrinkage of construction steel consumption is more obvious.

2. Low Position of Smelting Profits, Narrowing Fluctuation Range of Steel Prices

(1) Profits of the steel industry from January to May created the lowest record in the same period of history, and the continuous shrinkage of consumption is the main reason.

From January to May, the steel industry lost more than 10 billion yuan, with more than 60% of enterprises suffering losses. According to data from the National Bureau of Statistics, the total profit of the black metal smelting and processing industry from January to May 2024 was -12.7 billion yuan, the worst period in history. The average profit margin of 247 steel enterprises from January to June was 37%, which is about 4 percentage points lower than in 2023, and the steel enterprise loss is large.

PART 02: Raw Material Profits Given Back in the First Half of 2024, Insufficient Support for Steel Prices

In the first half of 2024, both steel prices and raw material prices were weak, with raw materials falling more than steel. Coke and coal led the decline, with coking coal falling by 23.9% from the beginning of the year, coke by 21.7%, and iron ore by 21.9%. Among the steel varieties, the cold rolling price fell the most, by 12.9%, followed by rebar, with a price drop of 11.1%, and the galvanized price fell the least, by 6.3%.

PART 03: Outlook for the Steel Market in the Second Half of 2024

1. Raw materials are expected to accumulate inventory in the third quarter, continuing to drag down finished products.

2. In the fourth quarter, the intensity of industrial restocking will be enhanced, raw materials will restock first, and support the steel price rebound.

PART 04: Risk Warning

1. Under the action of energy-saving and carbon reduction, the administrative pressure production in 2024 may exceed expectations.

2. Customs tax checks or restrictions on the export of some low-priced steel may occur.

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Annual Nickel Iron Production of 800,000 Tons! This Company You Must Know

Tianjin is a city with a long history and a modern atmosphere, blending traditional culture with Western architectural styles, earning it the reputation of a "Museum of World Architecture." It offers not only delicious food and beautiful scenery but also rich cultural activities and historical sites.

Sign up now for the conference and enjoy timely discounts!

As the global economic growth slows down in 2024, the supply and demand of stainless steel and raw materials are at the brink of collision, full of challenges and opportunities. With the continuous expansion and release of downstream capacity, the demand for raw material imports is increasing. Tianjin Port, as a major transportation hub for ore and iron, radiates the production capacity of the transportation goods to more than 70% of the country's total. Therefore, Mysteel has built a communication and cooperation platform for upstream, midstream, and downstream enterprises in Tianjin, and specially invites more than 500 decision-makers from the global industrial chain to participate in this event, including government chambers of commerce, chromium-nickel mines, chromium-nickel smelters, stainless steel factories, traders, logistics companies, and investment research institutions, to deeply discuss the differences in domestic and overseas investment environments and to help the entire industry chain develop steadily.

Sign up now and join the conference to explore the future of the stainless steel industry!

About 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: 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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Baogang Company Successfully Smelts New Cold Heading Steel

Recently, the 150-ton production line of the steel mill of Bayi Steel has successfully developed and produced a new cold heading steel product, marking a significant breakthrough in the development of variety steel by Baogang Company.

Cold heading steel is a type of steel that can be processed into steel products using cold heading technology at room temperature. It is generally a low to medium carbon high-quality carbon structural steel and alloy structural steel, mainly used for producing high-strength and high-hardness parts such as bolts, self-tapping screws, pins, and bearings, which are in high market demand and have a high added value.

This successful development indicates that Baogang Company has the capability to produce cold heading steel. More importantly, it has broken through the smelting bottleneck of aluminum-containing steel, laying a solid foundation for the development of other high-quality aluminum-containing new steel varieties in the future.

Commercial Production | The First 20,000 Liter Stainless Steel Bioreactors in China: The Preferred Choice for Cost-Effective Biopharmaceutical Production

With the vigorous development of the biopharmaceutical market in recent years, the competition in the global biopharmaceutical field is becoming increasingly fierce, and the focus of industry competition is also increasingly focused on improving productivity. On May 18, 2024, Sherpa Biotech announced the official operation of the new Hangzhou base. In accordance with the cGMP standards of China NMPA, the US FDA, and the European EMA, the first 20,000-liter stainless steel bioreactor in China (a total of four sets) has been successfully built, and a single tank body spans the entire two-story intelligent factory. The new factory has introduced a large number of advanced intelligent equipment, achieving full automation of the production execution system, and with its excellent stability, superior cost-effectiveness, and advanced digital intelligence, it can flexibly meet the personalized needs of different projects, which will greatly improve the production efficiency of the project and reduce production costs.

Production Stability

One of the main advantages of the stainless steel bioreactor system is its excellent stability. The system used by Sherpa Biotech all uses austenitic stainless steel SS316L material, which fully complies with technical specifications and international standards, and its design and verification follow ISPE GAMP5. This material has the characteristics of corrosion resistance, high strength, and high-temperature resistance, and has excellent biocompatibility, which can better avoid the interference of polymer materials that may affect the production process efficiency and inhibit cell growth (such as bDtBPP), becoming the risk of process-related drug impurities, further improving the quality of the drug and ensuring patient safety. In addition, the batch-to-batch differences or fluctuations of stainless steel materials are also smaller, which is conducive to further improving the robustness of the process and increasing the production success rate.

Cost-Effectiveness

Although the stainless steel bioreactor system requires a higher initial investment, its long-term durability can greatly help customers reduce production costs. In the environment of commercial large-scale production, the stainless steel bioreactor system can significantly reduce equipment replacement and reduce the demand for disposable materials, thereby reducing production and operation costs, showing a high cost-effectiveness. Sherpa Biotech's new Hangzhou base is equipped with the first single-tank volume of 20KL stainless steel bioreactor in China (a total of four sets), with a production capacity of 80KL, which not only meets the large-scale commercial production needs of customers but also helps customers greatly reduce production costs, providing customers with stronger production expansion capabilities.

Digital Intelligence

Sherpa Biotech's stainless steel bioreactor system deeply integrates advanced digital intelligent production technology, which not only greatly improves production capacity but also leads the new trend of intelligent manufacturing, making the large-scale production process more efficient and smooth. The system achieves integrated control through MES (Manufacturing Execution System) linkage with multiple automation systems. Through precise system control, equipment parameters and product shelf life are strictly managed, which greatly reduces manual checks and cumbersome records, effectively improving production efficiency. At present, Sherpa Biotech's stainless steel bioreactor system has completed dozens of projects at different stages, producing hundreds of batches of products, all of which have been successful, providing strong support for the smooth approval of the project.

In summary, choosing the right production system is crucial for ensuring a high-quality, high-output production process and achieving a superior cost-effectiveness ratio. The stainless steel bioreactor system has shown many advantages in the field of antibody production, such as sustainability, cost-effectiveness, process and quality controllability, and environmental friendliness. These advantages together provide customers with a more reliable and efficient production solution. Sherpa Biotech is committed to providing partners with high-quality antibody preparation services, making full use of the advantages of the stainless steel bioreactor system to help partners stand out in the fiercely competitive pharmaceutical market.

About 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

📈 Coke Price Increase Rumors and Future Market Trends 📉

My Steel News: Looking back at the recent market, the coke market has generally shown a strong trend. On the 26th, the mainstream steel mills in Hebei and Shandong markets raised the purchase price of coke, with a wet coke price increase of 50 yuan/ton and a dry coke price increase of 55 yuan/ton. Although there are still ideas of coke enterprises hoping to raise prices again, there has not been a clear statement so far. How will the coke market go in the future, and can it continue to rise in July?

🔍 Coke Supply and Demand: Tight Balance, Coke Enterprises Have Confidence 🔍

From the perspective of supply and demand, this week Mysteel statistics for independent coke enterprises: the utilization rate of production capacity is 74.03%, an increase of 1.07%; the daily output of coke is 68.17, an increase of 0.99. Some new coke production capacities have been put into operation, and some coke enterprises have slightly increased production, and the supply of coke has been restored.

From the demand side, the daily output of iron water from steel mills is 2.3932 million tons, a decrease of 0.012 million tons month-on-month, and a decrease of 0.075 million tons year-on-year. The iron water of steel mills has fluctuated slightly, and the output of iron water has declined. According to Mysteel research, in July, there are plans to resume production in 9 blast furnaces, involving a capacity of about 30,800 tons/day; there are plans to maintain 10 blast furnaces, involving a capacity of about 45,600 tons/day. If the current production plan for suspension and resumption is followed, it is expected that the daily output of iron water in July will be 2.371 million tons/day; there is still an expectation of a decline in iron water, but the overall decline space is not large. In July, compared with the average estimated output of iron water in June, the production level is slightly reduced, but the decline is not much; the overall demand is basically the same as in June. The current supply and demand still maintain a tight balance state.

📉 The overall coke inventory of coke and steel enterprises continues to decline this week. Although the price has risen once before, the inventory of steel mills has not been effectively replenished, and it is still at a low level. Some steel mills' inventory has even dropped below the safety stock, which gives coke enterprises a certain confidence to raise prices. The overall coke inventory continues to decline, and the market is still in a stage of supply and demand mismatch. The tight balance of coke supply and demand has not been effectively improved. Coke enterprises have a low intention to resume production in the short term, and it is expected that the coke inventory will still have a certain decline space.

⚔ Steel Off-Season Effect Highlights, Coke and Steel Game Differences ⚔

The off-season has arrived, and there is still room for the later apparent demand of steel. In terms of inventory, steel inventory continues to accumulate. Under the background of the weakening of the demand season, steel inventory will continue to accumulate. The contradiction between steel supply and demand is not obvious at present, but although the steel price has been boosted by the good news in the previous period, the price has moved up, but after the news, the off-season effect affects, and the steel price is still moving down. The profit of steel mills is gradually weakening, so although the raw material inventory of steel mills is not high, they still resist the rise in raw material prices.

Under the background of overcapacity of coking capacity, although the output of coke enterprises is not overcapacity, overall, the steel mill still has a large proportion of the right to negotiate coke. At present, in the stage of declining steel mill profits, although the supply and demand mismatch leads to a low level of steel mill inventory, the steel mill still needs to ensure its own profits. Therefore, although the market has been passing on the rise in the wind, considering the future market, the mainstream coke enterprises have not yet raised the price, and if the coke is raised, the coal price will continue to rebound. If the steel mill does not accept the coke price increase, the coke enterprise will further increase the loss, so the second round of price increase is shelved.

In summary: Although from the perspective of supply and demand, the inventory of coke and steel enterprises is low, it does indeed give coke enterprises a certain confidence to raise prices, but the steel season is weak, and the steel mill is not high in the intention to raise prices. In the short term, coke may operate stably.

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

Jiu Gang's 316H Stainless Steel for Fourth-Generation Nuclear Fast Reactors on Display

On July 6th, the 30th China Lanzhou Investment and Trade Fair opened with the theme "Shared Opportunities, Joint Development, and Common Prosperity."

At the Nonferrous Metallurgy Pavilion, Jiu Gang showcased a combination of physical products and exhibition boards, presenting 49 pieces of actual products and product models, including stainless steel, carbon steel, and aluminum products. The company introduced its profile, industrial chain layout, and featured products. Among them, hot-rolled zinc-aluminum-magnesium, non-oriented silicon steel, Invar alloy, 316H stainless steel for fourth-generation nuclear fast reactors, 347H stainless steel for high-temperature molten salt used in solar thermal power generation, air conditioning foil, and high-end aluminum alloy rods attracted visitors to stop and consult about the featured products and cooperation matters.

Featured Products

• Hot-rolled Zinc-Aluminum-Magnesium
• Non-Oriented Silicon Steel
• Invar Alloy
• 316H Stainless Steel for Fourth-Generation Nuclear Fast Reactors
• 347H Stainless Steel for Solar Thermal Power Generation
• Air Conditioning Foil
• High-End Aluminum Alloy Rods

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AmeriC Energy (CHINA) Co., Ltd.

AmeriC Energy (CHINA) Co., Ltd. is a distinguished manufacturer and distributor of a wide array of stainless steel products, tailored to meet the varied requirements of multiple industries. Their range includes stainless steel tubes, plates, strips, and square tubes, all produced to meet the highest quality standards.

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