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Arrivals of the hot-rolled coil from key steelmakers to major steel consumption areas are expected to extend decline this week as some deliveries remained en route after the easing of cargo blockage at ports and as lower prices kept some traders from purchasing. An SMM survey showed that HRC arrivals in Shanghai, Lecong, and Tianjin in the week ending November 29 are estimated to fall 22,000 mt, o...
Read moreWorld Steel Association data on Wednesday showed a 2.8% decline in global steel output in October to 151.5 million tonnes with production down across all regions. The 50-year old industry body estimates that crude steel production in China, which is responsible for more than half the global total declined 0.6% year on year in October. The decline came on the back of capacity cuts during the countr...
Read moreOn Nov 18, the GM of DFE Chemic GmbH, Oliver Paessens, and the China project manager, Ms. Yu has proceeded with the distributor visiting Shinmade. The chairman of Shinmade accompanied them to visit the intellectual pickling workshop and cold rolling workshop and checked the storage condition of corrosion inhibitors. Both parties have communicated the cooperation on corrosion inhibitor distribution...
Read moreAccording to the company's three-system management promotion schedule, 2019 will enter the certification phase for the second time. From October 14th to 18th, 4 auditors re-certified the company's comprehensive management system and thought the company's three systems management is by the national standard of quality, environment, and occupational health and safety. The auditors introduced the pur...
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