国家或地区 区号 上班时间 国际域名缩写 时差 国家或地区 区号 上班时间 国际域名缩写 时差 美国 001 21:00 US -13 加拿大 001 21:00 CA -13 中途岛 001808 夏威夷 001808 威克岛 001808 安圭拉岛 001809 AI -12 维尔京群岛 001809 圣卢西亚 001809 LC -12 波多黎各 001809 PR -12 牙买加 001809 JM -12 巴哈马 001809 BS -13 巴巴多斯 001809 BB -12 阿拉斯加 001907 多米尼加 001809 do -12 格陵兰岛 00299 南美洲各国国际区号一览表 国家或地区 区号 上班时间 国际域名缩写 时差 国家或地区 区号 上班时间 国际域名缩写 时差 福克兰群岛 00500 伯利兹 00501 22:00 BZ -14 危地马拉 00502 22:00 GT -14 萨尔瓦多 00503 22:00 SV -14 洪都拉斯 00504 22:00 SV -14 尼加拉瓜 00505 哥斯达黎加 00506 22:00 CR -14 巴拿马 00507 21:00 PA -13 海地 00509 21:00 HT -13 秘鲁 0051 21:00 PE -13 墨西哥 0052 22:00 MX -15 古巴 0053 21：00 CU -13 阿根廷 0054 19:00 AR -11 巴西 0055 19：00 BR -11 智利 0056 21:00 CL -13 哥伦比亚 0057 21:00 CO 0 委内瑞拉 0058 21:00 VE -12.5 玻利维亚 00591 20:00 BO -12 圭亚那 00592 19:00 GY -11 厄瓜多尔 00593 21:00 EC -13 法属圭亚那 00594 20:00 GF -12 巴拉圭 00595 20:00 PY -12 马提尼克 00596 20:00 -12 苏里南 00597 SR -11.5 乌拉圭 00598 19:00 UY -10.5 非洲各国国际区号一览表 国家或地区 区号 上班时间 国际域名缩写 时差 国家或地区 区号 上班时间 国际域名缩写 时差 埃及 0020 14:00 EG -6 摩洛哥 00210 14：00 MA -6 阿尔及利亚 00213 15:00 DZ -8 突尼斯 00216 15：00 TN -7 利比亚 00218 14:00 LY -6 冈比亚 00220 GM -8 塞内加尔 00221 16：00 SN -8 毛里塔尼亚 00222 马里 00223 16:00 ML -8 几内亚 00224 16：00 GN -8 科特迪瓦 00225 -6 布基拉法索 00226 尼日尔 00227 16:00 NE -8 多哥 00228 16：00 TG -8 贝宁 00229 毛里求斯 00230 12：00 MU -4 利比里亚 00231 16:00 LR -8 塞拉利昂 00232 加纳 00233 GH -8 尼日利亚 00234 15：00 NG -7 乍得 00235 15:00 TD -7 中非 00236 CF -7 喀麦隆 00237 15:00 CM -7 佛得角 00238 圣多美 00239 ST -8 普林西比 00239 ST -8 赤道几内亚 00240 加蓬 00241 GA -7 刚果 00242 15：00 CG -7 扎伊尔 00243 15:00 安哥拉 00244 15:00 AO -7 几内亚比绍 00245 阿森松 00247 -8 塞舌尔 00248 SC -4 苏丹 00249 14:00 SD -6 卢旺达 00250 埃塞俄比亚 00251 ET -5 索马里 00252 13:00 SO -5 吉布提 00253 DJ -5 肯尼亚 00254 13:00 KE -5 坦桑尼亚 00255 13:00 TZ -5 乌干达 00256 UG -5 布隆迪 00257 14:00 莫桑比克 00258 MZ -6 赞比亚 00260 14:00 ZM -6 马达加斯加 00261 13:00 MG -5 留尼旺岛 00262 津巴布韦 00263 14:00 ZW -6 纳米比亚 00264 NA -7 马拉维 00265 MW -6 莱索托 00266 LS -6 博茨瓦纳 00267 BW -6 斯威士兰 00268 科摩罗 00269 南非 0027 14:00 ZA -6 圣赫勒拿 00290 阿鲁巴岛 00297 法罗群岛 00298 欧洲各国国际区号一览表 国家或地区 区号 上班时间 国际域名缩写 时差 国家或地区 区号 上班时间 国际域名缩写 时差 俄罗斯 007 13:00 RU -5 希腊 0030 14:00 GR -6 荷兰 0031 15:00 NL -7 比利时 0032 15:00 BE -7 法国 0033 16:00 FR -8 西班牙 0034 16:00 ES -8 直布罗陀 00350 16:00 GI -8 葡萄牙 00351 16:00 PT -8 卢森堡 00352 15:00 LU -7 爱尔兰 00353 16:00 IE -4.5 冰岛 00354 17:00 IS -9 阿尔巴尼亚 00355 15:00 AL -7 马耳他 00356 15:00 MT -7 塞浦路斯 00357 14:00 CY -6 芬兰 00358 14:00 FI -6 保加利亚 00359 14:00 BG -6 匈牙利 00336 15:00 HU -7 德国 0049 15:00 DE -7 塞尔维亚 00338 意大利 0039 15:00 IT -7 圣马力诺 00223 SM -7 梵蒂冈 00396 15:00 罗马尼亚 0040 14:00 RO -6 瑞士 0041 15:00 CH -7 列支敦士登 004175 15:00 LI -7 奥地利 0043 15:00 AT -7 英国 0044 16:00 GB -8 丹麦 0045 15:00 DK -7 瑞典 0046 15:00 SE -7 挪威 0047 15:00 NO -7 波兰 0048 15:00 PL -7 大洋州各国国际区号一览表 国家或地区 区号 上班时间 国际域名缩写 时差 国家或地区 区号 上班时间 国际域名缩写 时差 澳大利亚 0061 6:00 AU +2 新西兰 0064 4:00 NZ +4 关岛 00671 GU +2 科科斯岛 006722 诺福克岛 006723 圣诞岛 006724 瑙鲁 00674 4:00 NR +4 汤加 00676 4:00 TO +4 所罗门群岛 00677 SB +3 瓦努阿图 00678 斐济 00679 4:00 FJ +4 科克群岛 00682 纽埃岛 00683 东萨摩亚 00684 -19 西萨摩亚 00685 -19 基里巴斯 00686 图瓦卢 00688 亚洲各国国际区号一览表 国家或地区 区号 上班时间 国际域名缩写 时差 国家或地区 区号 上班时间 国际域名缩写 时差 马来西亚 0060 8：00 MY -0.5 印度尼西亚 0062 9：00 ID -0.5 菲律宾 0063 8：00 PH 0 新加坡 0065 8：30 SG +0.5 泰国 0066 9：00 TH -1 文莱 00673 8：00 BN 0 日本 0081 7：00 JP +1 韩国 0082 7：00 KR +1 越南 0084 9：00 VN -1 朝鲜 00850 7:00 KP +1 香港 00852 8:00 HK 0 澳门 00853 8:00 MO 0 柬埔寨 00855 9:00 KH -1 老挝 00856 9:00 LA -1 中国 0086 8:00 CN 0 台湾 00886 8:00 TW 0 孟加拉国 00880 6:00 BD -2 土耳其 0090 14：00 TR -6 印度 0091 11:00 IN -2.5 巴基斯坦 0092 10:00 PK -2.5 阿富汗 0093 8:00 AF 0 斯里兰卡 0094 11:00 LK -2.5 缅甸 0095 9:30 MM -1.5 马尔代夫 00960 15:00 MV -7 黎巴嫩 00961 14:00 LB -6 约旦 00962 14:00 JO -6 叙利亚 00963 14:00 SY -6 伊拉克 00964 13:00 IQ -5 科威特 00965 13:00 KW -5 沙特阿拉伯 00966 13:00 SA -5 阿曼 00968 12:00 OM -4 以色列 00972 14:00 IL -6 巴林 00973 13:00 BH -5 卡塔尔 00974 13:00 QA -5 不丹 00975 蒙古 00976 8:00 MN 0 尼泊尔 00977 11:00 NP -2.5 伊朗 0098 13:00 IR

📈 Stainless Steel Fittings Market Demand Growth in 2024

The market demand for stainless steel fittings has shown an upward trend post-pandemic, benefiting from economic recovery, infrastructure construction, and the development of the new energy sector. The industry faces opportunities for transformation and upgrading, with technological innovation and environmental trends driving the market to continue expanding. Companies should seize the opportunity, increase innovation and product upgrades, and achieve green transformation and sustainable development.

🌐 Market Demand Analysis

Since the outbreak of the pandemic, the global supply chain has been severely impacted, and the stainless steel fittings industry is no exception. However, with the effective control of the pandemic and the gradual economic recovery of various countries, infrastructure construction, manufacturing upgrades, and the development of the new energy sector have all generated a huge demand for stainless steel fittings. Especially in emerging markets such as China and India, the demand for high-quality, high-performance stainless steel fittings is particularly strong.

🛠️ Industry Development Trends

The stainless steel fittings industry is currently facing an important opportunity for transformation and upgrading. On one hand, with the continuous advancement of technology, the manufacturing process and material performance of stainless steel fittings have been significantly improved, greatly enhancing the product's lifespan and safety performance. On the other hand, environmental protection and sustainable development have become a global consensus, and stainless steel fittings, due to their corrosion resistance and recyclability, are increasingly widely used in green building and clean energy fields.

🌟 Market Outlook

Looking forward, the stainless steel fittings market will continue to maintain a strong growth momentum. On one hand, the global economic recovery will drive an increase in infrastructure construction investment, providing more development opportunities for the stainless steel fittings industry. On the other hand, the rapid development of new energy and environmental protection will open up new market space for the stainless steel fittings industry. At the same time, with the advancement of technological innovation and industrial upgrading, the competitive landscape of the stainless steel fittings industry will undergo profound changes, and survival of the fittest will become the norm.

In summary, in 2024, the demand for stainless steel fittings will continue to be strong, and the industry prospects are broad. For companies, seizing market opportunities, increasing technological innovation and product upgrades, and improving product quality and service levels will be key to winning market competition. At the same time, it is also necessary to pay attention to environmental protection and sustainable development trends, and promote the company to achieve green transformation and sustainable development.

Americ Energy (CHINA) Co., Ltd. Introduction

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 Mill Closure and the "Cost" of Credit

Recent Highlights:

• On Monday, the new 304 plate price increased by 100, is this a sign of good things to come?
• Rumors of "nickel reserves" again, is the stainless steel show just beginning?

Market Commentary from Foshan, July 9, 2024: Everything comes with a cost, including kindness, honesty, and loyalty. It's often heard that veterans in stainless steel reminisce about the glorious days of the industry, when they were bold and extravagant, with their words as reliable as gold. But who would have thought that in recent years, despite written agreements, morality seems to be slipping away! What has changed?

Stainless steel remains the same, but the business has become increasingly difficult, and the term "cost" has become a common catchphrase. However, at some point, "cost" seems to have lost its lower limit. People don't understand why a 100-yuan note, even when folded, crumpled, or crumpled into a ball, still retains its value, yet others treat it as if it were worth only 90 yuan. Is the holder foolish?

When pushed to the extreme, ugliness emerges.

💬 Business is all about integrity: After two to three decades in stainless steel, I never imagined a day when my supplier would default on me. Especially a large steel mill enterprise, which could easily invest over ten billion, why risk their reputation over a small amount? Reality is, the mill says it's closing and people scatter, leaving no recourse for the debts confirmed in 2022 and 2023. It's very helpless. I hope the platform can help us appeal, as it's too tiring to search, and I don't know how to make our voices heard directly...

Since the official shutdown of a stainless steel enterprise in East China at the end of 2023, this has been the Nth similar request from downstream stainless steel enterprises.

From the "Customer Complaint Result Inquiry Form" issued by many companies, the material number, product name, material use, material size, customer complaint weight, complaint reason, refund unit price, and refund amount are all very clear.

💬 Processing was done according to the process, all in accordance with the rules: But as time went on, the responsible people disappeared. Every time I asked, it was said that the report had been submitted, but it was delayed again and again, with no end in sight, making the heart very tired. I have no other thoughts, I just want my appeal to be seen by the leadership and decision-making layer, to see if these early confirmed reasonable compensation amounts can be realized?

Downstream enterprises also feel very aggrieved.

💬 I heard that some peers: The originally confirmed compensation amount was overturned, with a huge discount, a direct fracture, which is also speechless. I don't know how the later talks went, it seems there are still some blockages.

A merchant said.

Summary: The stainless steel world, changes every three years.

💬 Li Xunda chose to join the Qingshan agency, and I can now understand this choice: That is, if you still want to do this line of business, you must make choices according to the trend, and you must have stable resources to guarantee. Looking at the industry, only Qingshan can. Otherwise, some steel mills have not even fulfilled last year's contracts. Now many customers order goods, they don't like to find steel mills, they feel that some steel mills are cheating and you can't play with them, play with some merchants in the market, you recognize the merchant is good. You don't care about whether the steel mill delivers the goods or not, I ordered your goods.

A cold rolling boss said in recent market topics.

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

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

🏭 Successful Production of 1.8mm J5 Stainless Steel Coil by Liugang Zhongjin 🏭

On July 4th, exciting news came from the hot rolling factory of Zhongjin Company, successfully mass-producing the extreme specification J5 stainless steel coil with a thickness of 1.8x620mm. In the afternoon of the same day, another extreme specification J5 stainless steel coil with a thickness of 1.8x650mm was successfully rolled. This breakthrough surpasses the previous limit of the thinnest product specification, which could only be rolled to 2.0mm. The overall production process went smoothly, and the first batch of extreme materials was successfully rolled.

Extreme specification rolling is a key technology in the field of metal processing. Solving various technical issues such as the control of rolling temperature and rolling force during the rolling process is crucial for successful rolling. The first batch of 1.8mm thick steel coils produced by the hot rolling factory passed quality inspection, with the product width and thickness being normal, and the product quality meeting the requirements. The process and equipment are stable and controllable, laying a solid foundation for further breakthroughs in thickness limits.

📘 Cover Story: Li Guibo: People-oriented, Brave in Breaking Through, Adding "Invisible Wings" to the Stainless Steel Dream 📘

📘 Cover Story: Zou Huiping: Focused on Stainless Steel for 18 Years, Post-Epidemic Era, Helping Rust Enterprises Tell Good Stories, Spreading Stainless Steel Brands 📘

🏢 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 Mid-Year Performance Forecasts and Environmental Efforts in Nickel Mining

TISCO Turns Loss to Profit in the First Half of 2024

On July 9th, TISCO disclosed a performance forecast, predicting a turnaround from loss to profit for the period of January to June 2024. The net profit attributable to the shareholders of the listed company is expected to be between 105 million and 150 million yuan, with a net profit year-on-year growth of 121.19% to 130.27%. The estimated basic earnings per share are 0.018 to 0.026 yuan.

The company attributes this forecast to its comprehensive implementation and continuous deepening of "accounting management", focusing on QCDVS (Quality, Cost, Delivery, Variety, and Service) to advance product management, cultivate core profitable varieties, and enhance customer service capabilities. The company insists on comprehensive benchmarking to find gaps, improve efficiency and reduce costs in all aspects, and improve product profitability. It also emphasizes the concept of "living within its means", implementing the idea that "all expenses can be reduced", and strengthening centralized production and production line collaboration, which has significantly improved the company's overall profitability.

Yongjin Shares Announces an Increase in Half-Year Performance for 2024

On July 10th, Yongjin Technology Group Co., Ltd. announced its performance for the first half of 2024, with the net profit attributable to the parent company ranging from 400 million to 450 million yuan, a year-on-year increase of 87.34% to 110.76%. The net profit attributable to the parent company, excluding non-recurring gains and losses, is expected to be between 280 million and 325 million yuan, a year-on-year increase of 41.41% to 64.14%.

The reasons for the performance change are mainly due to the main business: 1. The newly added production capacity from the "Annual Processing of 350,000 Tons of Wide-width Precision Stainless Steel Plate and Strip Technology Renovation Project" in Guangdong Yongjin and the "Annual Processing of 195,000 Tons of Ultra-thin Precision Stainless Steel Plate and Strip Project" in Zhejiang Yongjin; 2. The further improvement of the utilization rate of Yongjin's production capacity in Vietnam. The impact of non-operating gains and losses is mainly due to the net income of 108.9 million yuan from the relocation compensation of the A area of the Zhejiang headquarters confirmed in this period.

Yongxing Material Releases 2024 Performance Profit Forecast

On July 10th, Yongxing Special Material Technology Co., Ltd. released a half-year performance forecast for 2024, with the net profit attributable to the shareholders of the listed company between 710 million and 820 million yuan, a year-on-year decrease of 56.93% to 62.70%; the net profit excluding non-recurring gains and losses is between 540 million and 650 million yuan, a year-on-year decrease of 65.96% to 71.72%. The basic earnings per share are 1.32 yuan/share to 1.53 yuan/share.

In the first half of the year, the company's special steel new material business has increased market development efforts, continued to adjust and optimize the product structure, and steadily improved profitability. However, the price of lithium carbonate in the company's lithium battery new energy business has decreased significantly compared to the same period last year, which has affected the year-on-year decrease in the net profit attributable to the shareholders of the listed company.

Indonesian Government Committed to Reducing Environmental Impact of Nickel Mining

It is well known that nickel mining in Indonesia can have environmental impacts, such as deforestation and loss of biodiversity. To address this issue, the government has taken specific measures to minimize the negative impact on the environment, as described in the online seminar "ESG Requirements for Indonesian Nickel and Cobalt Producers".

"Environmental protection is the top priority of the Indonesian government," said Tubagus Nugraha, representative of Septian Hario Seto, Deputy Coordinator for Investment and Mining of the Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia. The government has established strict regulations to ensure effective implementation and supervision of environmental protection.

Some of the measures taken by the government include:

• Environmental Impact Assessment (Amdal): This mandatory requirement aims to reduce environmental impacts, including the use of forest areas and the protection of biodiversity, accompanied by regular monitoring activities.
• Forest Area Use Approval Mechanism (PPKH): A mandatory requirement that limits the use of forest areas to within 10% of the total forest area in the region.
• Payment of Reclamation Guarantee: This mandatory payment is a deposit collected from companies, which can be reclaimed based on the completed reclamation area.
• Sanctions and Fines Mechanism: Applicable to violations of environmental and forestry regulations.
• Mineral and Coal Information System (Simbara): This integrated digital system serves as a tracking and transparency tool and will also be integrated with environmental and forestry aspects to monitor company compliance.

In addition to the above policies, the government is also drafting a Presidential Regulation on Accelerating the Development and Management of Nursery Facilities in Mineral and Coal Mining Business Activities to improve reclamation quality. "According to this regulation, mining companies must build their own nursery facilities, and their progress will be closely monitored and evaluated by the Ministry of Environment and Forestry and the provincial government," he added.

This acceleration plan will be implemented until December 31, 2025, targeting 764 mining companies. Through these steps, the Indonesian government is committed to ensuring that nickel mining operations are not only sustainable but also environmentally friendly, in line with applicable national and international standards.

🌟 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.

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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.

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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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