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

Disclaimer: This article is sourced from the internet. The purpose of reprinting is to convey more information, and it does not represent the agreement with its views or responsibility for its authenticity. The content of the article is for reference only. For copyright issues, please contact us at the provided number for prompt handling.

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

Research on the Implementation of New National Standard Reinforcement Production by Major Steel Mill Brands in the East China Market

My Steel Network News: On July 15th, steel enterprises such as Zhongtian Steel and Zhongxin Steel have successively announced the switch to new production standards for hot-rolled ribbed and hot-rolled round steel bars. According to the dates on the announcements, Zhongtian Steel and Zhongxin Steel will start organizing the production of steel bars according to the new national standards on July 20th and August 1st, respectively.

The new national standard was released on June 25, 2024, and will be implemented on September 25, 2024, with only 73 days left for transition. Compared with the 2018 version of the recommended national standard, this time it is a mandatory national standard. This means that the new standard must be implemented, so production enterprises should familiarize themselves with the changes in the standard and adjust the production process as soon as possible before the implementation of the standard.

For this reason, the editor has conducted a survey on the production time of new national standards by major steel mill brands in the East China market, and the results are as follows:

As shown in the table, 52.17% of the steel mills in the survey sample have not yet determined the time to implement the new national standard for steel bar production, 26.09% of steel mills plan to start new national standard steel bar production in August, and only 21.74% of steel mills plan to start new national standard production in late July or September.

This is not only related to the cost increase caused by the new national standard production but is also closely related to the sales-inventory turnover rate of the steel mills. Article 25 of the "Interpretation of the People's Republic of China Standardization Law" stipulates that products and services that do not meet the mandatory standard shall not be produced, sold, imported, or provided. According to the regulations, after the new national standard takes effect, the old national standard products shall not be produced and sold. In the production link, it is not a big problem for each steel mill to switch to the new national standard in advance, but there are still risks in the sales link. Theoretically, the old national standard can also be produced and sold to dealers one day before the implementation of the new national standard, but it would be illegal and illegal for the dealers to sell the old national standard products the next day.

Under the current market pattern of high inventory and low demand, the smooth digestion of the old national standard inventory in the market will still be a difficult problem. This new standard has brought new challenges and opportunities to the market, but it also makes the market face the problem of digesting the original stock resources. After the implementation of the standard, the old standard steel bar products accumulated by the distributors may face the situation of being unable to sell.

Steel production enterprises should reasonably plan the production plan, balance the inventory structure of old and new products in the early stage of the implementation of the standard, and market traders should seize the time to sell the original standard inventory, to ensure that after the implementation of the mandatory standard, they can seize the market demand for steel bars that meet the new standard in time, maintain the market sales share, and form a "premium" sales advantage in terms of quality.

Note: Article 25 of the "Interpretation of the People's Republic of China Standardization Law": Products and services that do not meet the mandatory standard are prohibited from production, sales, import, and provision.

Editor's Recommendation:

Focus on the steel industry, providing spot trade prices, real-time industry news, steel mill price adjustment information, market hotspot interpretation, and research reports for steel, scrap, coke, iron ore, etc., all over the country.

Quickly scan the QR code to get a 30-day membership trial

Disclaimer: The information provided by My Steel Network is for customer decision-making reference only, and any decisions made by the customer are unrelated to My Steel.

Recommended Attention:

Reply to the public account with [Benefits] to get exclusive benefits for fans.

Reply to the public account with [Steel Price] to subscribe to all steel market price SMS for free.

👍 Like this article for a big profit in the steel market!!

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

Rio Tinto's Second Quarter Sales Hit a Four-Year High

Mysteel Network News: Rio Tinto, an Australian iron ore producer, released its production and sales report for the second quarter on July 16, 2024. According to the report, the total iron ore sales volume of Rio Tinto's Australian and Canadian mining areas in the second quarter reached a high for the same period since 2021. However, the overall production in the second quarter showed a trend of year-on-year decline and slight quarter-on-quarter increase. This article will analyze the reasons for the divergence of Rio Tinto's production and sales in the second quarter and predict the marginal increase in the second half of the year from Rio Tinto's new round of iron ore production capacity growth cycle.

Impacted by Train Derailment and Declining Ore Quality, Pilbara Region's Iron Ore Production Decreased Year-on-Year

As the main production area of Rio Tinto's iron ore, the Pilbara region in Australia achieved a production volume of 79.481 million tons in the second quarter, a year-on-year decrease of 2.18%, and a quarter-on-quarter increase of 1.98% (Figure 1). The increase in production quarter-on-quarter was expected as the traditional rainy season in the first quarter has ended. However, the production showed a significant decline compared to the same period in 2023, mainly due to the following two factors: First, after midnight on May 13th local time, a railway accident occurred about 80 kilometers away from Karratha, where an autonomous train loaded with iron ore collided with a group of stationary freight cars. Although the accident did not cause any casualties, it resulted in 22 freight cars and 3 locomotives being hit, and the railway transportation was suspended for about 6 days, causing the mine yard to be overly saturated, which in turn affected mine production. Second, despite the Gudai-Darri iron ore replacement project in the Pilbara region of Rio Tinto reaching an annual production capacity of 43 million tons in the second quarter of 2023, and then on October 18, 2023, it was announced that an investment of $70 million would be made to increase the mine's annual production capacity to 50 million tons, the accelerated decline in the quality of the ore from the older production capacities of the Channar and Eastern Range mines has limited the overall increase in production to some extent.

Looking at the Sales Side, the Dispatch Volume of Pilbara Increased Significantly

The dispatch volume of Pilbara in the second quarter reached 80.309 million tons, a year-on-year increase of 1.51%, and a quarter-on-quarter growth of 2.92% (Figure 2). This significant increase is mainly due to the fact that some ships originally planned to be dispatched at the end of the first quarter were postponed to the beginning of the second quarter due to weather reasons, effectively supplementing the overall dispatch volume. At the same time, about 80% of Rio Tinto's iron ore products in the Pilbara region are directed to the Chinese market. With the improvement of demand in the traditional peak season in China in the second quarter, the enthusiasm of steel mills for production has significantly increased, which has also promoted the growth of Rio Tinto's sales in the region. In addition, Rio Tinto continued to expand its mixed ore business in China in the second quarter, and the sales volume of iron ore at the port also showed a significant increase. The total port sales volume in the second quarter was 7.5 million tons (5.7 million tons in the same period of 2023), a year-on-year increase of 31.57%, and a quarter-on-quarter increase of 15.38% (Figure 3).

Regular Maintenance Leads to a Quarter-on-Quarter Decline in Canadian Mining Area's Iron Ore Production and Sales

As the main production area for Rio Tinto's concentrate and pellet, the Canadian region achieved a production volume of 3.721 million tons in the second quarter, a year-on-year increase of 5.86%, but a quarter-on-quarter decrease of 16.38% (Figure 4). The year-on-year increase was mainly due to the exclusion of the impact of the fire the previous year, but the large quarter-on-quarter reduction was mainly due to the annual maintenance of the mine in June, which led to the suspension of the mining area. The sharp decline in production also led to a year-on-year decrease of 6.75% in sales and a quarter-on-quarter decrease of 8.69% (Figure 5).

Latest Progress in Rio Tinto's Iron Ore Expansion

Through the analysis of Rio Tinto's capital expenditure (Figure 6), it can be seen that from 2015 to 2023, its capital expenditure has been at a relatively low level, and the expenditure projects have also been mainly concentrated on capacity replacement (such as Gudai-Darri) and the improvement of production efficiency. Although the latest quarterly report shows that the investment for the railway and port infrastructure of the Simandou iron ore project has been raised, and all preparatory work will be completed in the week of July 15, the first production of the project is expected to be realized at the end of 2025. It is worth noting that there are no other large-scale project production plans in the Pilbara region in 2024 (Table 2), which means that the new iron ore production in the second half of the year will be very limited.

According to Rio Tinto's quarterly report, the shipping target for 2024 is still set between 323 million and 338 million tons. Calculated by the median of 330 million tons, the current shipping target completion has reached 48%, which is at a mid-high level in the past four years. This performance shows that Rio Tinto is steadily advancing the expansion of the territory while maintaining good market competitiveness. It is expected that in 2024, Rio Tinto's production will remain relatively stable compared to 2023, laying a solid foundation for the company's subsequent medium and long-term development.

End of Article

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