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📈 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 Futures Market Volatility with Price Adjustments

Yesterday, the main contract of Shanghai nickel futures closed down by 820 yuan to 137,430 yuan/ton, and the main contract of stainless steel futures on the Shanghai Futures Exchange closed down by 235 yuan to 14,010 yuan/ton, with stainless steel futures hovering around 14,000 yuan/ton again. Affected by the green plate of futures, the situation has changed dramatically, and the boost brought about by the previous price increase of Qingshan 304 has completely disappeared. Yesterday, some resources were weakly adjusted in the middle. In terms of 304, mainstream tax-inclusive prices such as Chengde, Hongwang, and Yongjin are around 13,650-13,900 yuan/ton, and the mainstream tax-inclusive price of private five-foot hot-rolled is around 13,500 yuan/ton. In terms of narrow bands, Qingshan is reported to be around 13,500 yuan/ton tax-inclusive, and Jinhai and Xinfeng are quoted at around 13,000 yuan/ton tax-inclusive. On the 201 side, the mainstream tax-inclusive prices for J1 four-foot cold-rolled resources such as Chengde, Hongwang, and Beiganghai New Materials are around 8,800-8,850 yuan/ton; J2 and J5 resources are around 8,100-8,150 yuan/ton tax-inclusive; J1 four-foot hot-rolled tax-inclusive is 8,600 yuan/ton. For 201 hot-rolled narrow bands, Qingshan and Baosteel Desheng J1 are around 8,600 yuan/ton tax-inclusive, and J3 hot-rolled narrow bands such as Qingshan, Jinhai, and Xinfeng are quoted at 7,850-8,200 yuan/ton tax-inclusive. Affected by the decline in the futures market, the stainless steel spot market is slightly weak, with flexible market operations and a certain room for negotiation in transactions.

Note: This article is for reference and communication only and does not constitute any investment or decision-making advice.

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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

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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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