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Latest Updates on the Cast Iron Industry
As of today, the exchange rate between USD and RMB stands at 1 USD = 7.1115 RMB (1 RMB = 0.14062 USD). This week witnessed an appreciation of the USD and a depreciation of the RMB, creating a favorable environment for commodity exports and foreign trade development. China’s foreign trade ha...Read more -
Chinese Companies Under the CBAM
On 10 May 2023, the co-legislators signed the CBAM regulation, which entered into force on 17 May 2023. CBAM will initially apply to the import of certain products and selected precursors that are carbon-intensive and have the highest risk of carbon leakage in their production processes: cement, ...Read more -
RMB Depreciation; High Inflation in Argentina; etc
Yesterday, the offshore yuan against the dollar, the euro depreciation, appreciation against the yen The offshore RMB depreciated slightly against the US dollar yesterday. As of press release, the offshore RMB against the US dollar was at 6.8717, down 117 basis points from the previous trading da...Read more -
“Project is urgent! Pipes are desperately needed! Can’t deliver on time?” Let’s See How the Contradiction Said
The cast pipe made by the centrifugal casting process is often used in construction drainage, sewage discharge, civil engineering, road drainage, industrial wastewater and other projects. The buyers usually have large demand, urgent demand and high requirements for pipeline quality. Therefore, wh...Read more -
Understand The international Situation Do a Good Job of High-Quality Cast Iron Pipe Outlet
Yesterday, the offshore yuan against the dollar, the euro depreciation, appreciation against the yen The offshore RMB depreciated slightly against the US dollar yesterday. As of press release, the offshore RMB against the US dollar was at 6.8717, down 117 basis points from the previous trading da...Read more -
Before and After the Spring Festival, Coke Price Trend How
As we approach the Spring Festival, Dingsen is closely monitoring the fluctuations of the futures market and keeping track of financial changes. Despite the downward pressure on futures prices due to Australian coal imports, our iron ore and rebar futures are remaining strong and maintaining a po...Read more -
Before and after the Spring Festival, Coke Price Trend How
Before the Spring Festival , the “double coke” futures price was impacted by the expectation of Australian coal imports out of the stage decline, but iron ore, rebar and other futures varieties were not dragged down, maintaining a strong trend. Subsequently, the “double focus&...Read more -
How will Global Steel Demand Change in 2023?
In 2022, the steel consumption in various regions was affected by the Russian-Uzbekistan conflict and the economic downturn, resulting in a decline in consumption in Asia, Europe, CIS countries, and South America. CIS countries were hit the hardest, with a drop of 8.8% in steel consumption. Con...Read more -
How will Global Steel Demand Change in 2023?
In 2022, affected by the Russian-Uzbekistan conflict and economic downturn, steel consumption in Asia, Europe, CIS countries and South America showed a downward trend. Among them, the CIS countries were most directly affected by the Russian-Uzbekistan conflict. The economic development of the cou...Read more -
The Anti-epidemic Entry Policy Will Be Completely Liberalized From January 8, 2023 In China
Yesterday we received news that Chinese epidemic prevention and control policy has entered a new stage.COVID-19 infection has been classified from category A to category B. On the evening of December 26, the National Health and Medical Commission issued a notice on the implementation of the R...Read more -
Attitude of Steel Trader Winter Storage has Changed Difficulty of Cast Iron Pipe Trade Has Greatly Reduced
Recently, The COVID-19 control measures in many parts of the country are gradually relaxed, the Fed’s interest rate hike has slowed down, and a series of domestic growth stabilization policies have been implemented more vigorously, the steel market has continuously strengthened expectations...Read more -
Get Ready to Meet Foreign Friends Invitation to Come and Visit the SML Pipe Foundry
Recently, our country’s policy on COVID-19 has been significantly loosened. In the past month or so, multiple domestic epidemic prevention policies have been adjusted. On December 3, as China Southern Airlines CZ699 Guangzhou-New York flight took off from Guangzhou Baiyun International Ai...Read more