Foshan Kun Liu Sheng Composite Material Co.,Ltd

Nippon Steel Stainless Steel Corporation (NSSC) announced on May 8 that its domestic contract price of SUS304 and other nickel stainless steel cold-rolled sheets, medium and heavy sheets and SUS430 chromium stainless steel cold-rolled sheets for domestic sales in May 2019 would be increased by 5000 yen/ton. The price increase is reflected in the surcharge of the fund, and the base price remains unchanged. This is also its nickel stainless steel prices increased for three consecutive months. In March-April 2019, the average international nickel price continued to rise from $5.83 per pound in the previous period (February-March 2019) to $5.87 per pound, while the average contract price of ferrochromium rose from 120 cents per pound of chromium to 124 cents per pound of chromium due to the price increase in the second quarter, and the yen continued to depreciate. The exchange rate against the dollar rose from 111.81 to 112.49 in the previous period, so the import cost of stainles...

Russia's stainless steel consumption increased by 5.8% to 499.2 million tons in 2018, according to a recent report from the Russian Special Steel Association. Among them, consumption of stainless steel cold-rolled coils increased by 9.8%, hot-rolled products by 2.0%, bars by 6.7%, seamless tubes by 22.3%, and slabs by 36.7%. Consumption of welded pipe, billet and wire decreased by 4.2%, 24.5% and 4.6%, respectively. Russia's domestic stainless steel production grew by 2.1%, exports by 18% and imports by 7.2%. Russia imports 77% of its stainless steel consumption. The import volume is about 393,300 tons.

It is reported that in the exploration of modernization and upgrading of railway infrastructure, India has decided to deploy stainless steel for the Pamban Railway Bridge project. Rail Vikas Nigam Co., Ltd. (RVNL), a railway engineering company in Chennai, India, will manufacture 2 span beams of the new Pamban bridge using 2205 duplex stainless steel. RVNL has issued a tender for the supply of 120 tons of stainless steel, and India Jindal Stainless will actively bid. With this, stainless steel will be a key material for the structural framework of railway bridges. The existing Pamban Railway Bridge, which was commissioned in 1914, connects the Rameswaram on Pamban Island to the Mandapam Railway Station. The bridge is in the second most corrosive area in the world. 2205 duplex stainless steel has excellent strength, toughness and corrosion resistance. The high strength-to-weight ratio of duplex stainless steel offers the possibility of reducing the thickness of the part to make...

According to Vijay Sharma, senior vice president and head of sales and distribution of Jindal Stainless Steel Enterprise Management Services, India, the Group is investing about 2.5 billion rupees in Jajpur's comprehensive stainless steel plant in Orissa State to increase its cold rolling capacity from 900,000 tons to 1.1 million tons per year, and has arranged for related funds. It is expected to be implemented in the last quarter of this fiscal year (as of March 31, 2019) and completed in the next 12 months. The plant is also considering investing an additional Rs. 450 million to increase smelting capacity from 800,000 tons to 1.1 million tons by the end of fiscal year 2019 (as of March 31, 2020) by removing bottlenecks and improving processes. Once the operation is stable, further expansion will be considered. Orissa has prepared land, infrastructure and other utilities for its substantial expansion. With an investment of Rs. 4-4.5 billion, the stainless steel smelting capa...