Posts

Showing posts from November, 2019

Tisco Duplex Stainless Steel Successfully Applied to Slowson Steel Bridge Project in Sweden

Image
Recently, TISCO duplex stainless steel has been successfully applied to the Slowson steel structure bridge project in Sweden. This is the first time that TISCO duplex stainless steel sheet products have entered the field of municipal bridge construction abroad. Now the products have been successfully supplied. With excellent product performance and perfect after-sales service, Taiyuan Iron and Steel Co. once again let "Made in China" shine in other countries. Sweden's Slowson Bridge is located in the Slowson District of Stockholm, Sweden. It is a key project of the Swedish Stockholm Municipal Government between the freshwater lake of Meraren and the Baltic Sea. The bridge is a variable section steel box girder with a total weight of about 3628 tons. According to the design requirements of the bridge, an underpass line is set up in the middle of the bridge deck, which makes the bridge become a bridge-tunnel combined steel structure, and the structure is very novel. Th...

Tata Steel closed part of its UK business and laid off nearly 400 workers

Image
India's Tata Steel Co. said Monday it would close some of its non-core businesses in the UK, which could result in about 400 jobs being laid off. In a filing with the Indian Stock Exchange, the company said it planned to close its loss-making Orb Electrical Steels in South Wales, potentially affecting up to 380 jobs because the business was "unable to find a way forward". Tata Steel began selling its five non-core businesses in Europe in May 2018 because it wanted to focus on the main industry of sheet and strip. Orb is an electrical steel manufacturer owned by Cogent, one of the five non-core businesses. Henrik Adam, CEO of Tata Steel Europe, said: "It is unsustainable to continue to fund the huge losses of ORB Electrical Steel Works at a time when the European steel industry is facing great challenges." Adam said that there is no chance that Orb will turn a profit over the next few years. ORB Electrical Steel Works had planned to transform its product...

Indian Kindale Stainless Steel Releases Performance Report

Image
According to the independent performance report issued by JSL, the sales of stainless steel in India increased by 9% to 8524.79 million tons from 7789.33 million tons in the previous fiscal year in the fiscal year ended March 31, 2018/2019, of which the fourth quarter increased by 10% to 2248.65 million tons annually, and the net sales increased by 17% to 125.85 million rupees from the same period last year. Among them, the fourth quarter annually increased by nearly 4% to 3251 million rupees; gross operating profit (EBITDA) decreased by about 11% to 1136 million rupees, of which the fourth quarter annually increased by nearly 33% to 302 million rupees; after-tax profit decreased by about 56% to 139 million rupees, of which the fourth quarter annually decreased by about 38% to 320 million rupees. According to JSL, India's imports of stainless steel from Indonesia increased nearly 14 times in fiscal year 2018/2019.

POSCOM TECHNOLOGY AWARDS KOREA'S "NATIONAL CORE TECHNOLOGY"

Image
According to the recent announcement by the Ministry of Industry, Commerce and Resources of Korea, the AI blast furnace operation technology developed by POSCO and the intelligent water cooling technology made of high strength steel plates with tensile strength of 600 MPa (Mpa, the same below) have been evaluated as the "National Core Technology" of Korea. National core technology refers to technology with high technological and economic value and great potential for the development of related industries. If leaked overseas, it will have a negative impact on national security and national economic development. Artificial intelligence blast furnace operation technology uses Deep Learning technology, which mainly classifies and predicts data, and can automatically control the internal state of the blast furnace. Previously, operators need to measure the temperature in the furnace manually every two hours. After using this technology, the temperature of hot metal can be m...

General Administration of Customs: The total value of Sino-US trade fell by 9% in the first half of the year

Image
General Administration of Customs: The total value of Sino-US trade fell by 9% in the first half of the year. The Information Office of the State Council will hold a press conference at 3 p.m. on Friday, 12 July 2019. Li Kuiwen, spokesman of the General Administration of Customs and Director of the Statistics and Analysis Department, will introduce the import and export situation in the first half of 2019 and answer questions from reporters. Li Kuiwen said that in the first half of the year, China's total import and export value to the EU was 2.3 trillion yuan, an increase of 11.2%, accounting for 15.7% of our total foreign trade value. During the same period, the total value of Sino-US trade was 1.75 trillion yuan, down 9%, accounting for 12%.

Wanatiara Persada Rail Plant: $600 Million to be Operational by the end of the year

Image
Recently, Arif S. Tiammar, senior adviser to PT Wanatiara Persada, said that the company's refinery in Obi Island, North Maluku Province, has progressed 93%, the plant has a production capacity of 260,000 tons, nickel content of 15%. He said the nickel-iron refinery has four processing facilities and the first production line is now in operation, with the subsequent third expected to be operational in 12 months. Operationally, the refinery produces 2 million tons of ore per year. At the same time, the nickel mine at the iron refinery will be supplied by a mine owned by pt wanatiara persada, which has a production and operation mining licence (IUP OP). However, without too many reserves, ARIF said it would enter mining supplies from other mines. In terms of investment, the railway plant costs up to $600 million. According to PT Wanatiara Persada,'s Aneka Tambang Tbk railway plant aims to become one of three rail plants to operate in 2019. In addition to the Wanatiar...

Taiyuan Iron and Steel Co. has been ranked as "China's 500 Most Valuable Brands"

Image
The 16th World Brand Congress, hosted by World Brand Lab, was held in Beijing on July 3. Taiyuan Iron and Steel Group once again ranked "China's 500 Most Valuable Brands" with a brand value of 22.282 billion yuan. This is the seventh consecutive year since Taiyuan Iron and Steel Group ranked with a brand value of 7.486 billion yuan in 2013, and the brand value increased by 198%. In 2019, the brand value of TISCO increased the most, reaching 3.621 billion yuan. In recent years, aiming at "high quality and sharp shortage", Taiyuan Iron and Steel Co. has bravely shouldered the responsibility and responsibility of "national innovation team", consciously transformed "national will" of innovation into enterprise action, and continuously developed a large number of major scientific and technological achievements represented by high-end characteristic materials, advanced technology manufacturing technology and green development technology. It re...

Jiuquan Steel Stainless Steel Enters the Field of Railway Car Body

Image
At 17:00 p.m. on June 27, with the order of Jiang Suiqiang, secretary and manager of the Party Committee of Jiuquan Steel Stainless Steel Branch, freight cars loaded with T4003 products slowly drove out of the stainless steel branch, which marked that the stainless steel products of Jiuquan Steel formally entered the field of railway bodywork. T4003 is ferritic stainless steel for railway freight car body. It is difficult to audit and enter. Since 2018, with the joint efforts of the staff and cadres of stainless steel in Jiugang, the T4003 products produced by the stainless steel in Jiugang have not only passed the trial of Zhongche Changjiang Company once, but also passed the on-site audit of Zhongche in the first quarter of this year, and become the qualified supplier of Zhongche. In June this year, the stainless steel branch succeeded in obtaining the first batch of orders for more than 700 tons of Zhongche. With the cooperation of various departments of the stainless steel...

Successful Development of Containment Steel for Nuclear Power Plant in Jiuquan Iron and Steel Co.

Image
Recently, Jiugang Hongxing Co., Ltd. successfully developed carbon steel and low alloy steel plates for PWR nuclear power plant. The product performance fully meets the requirements of nuclear power plant containment manufacturing, marking that Jiugang has entered the ranks of domestic PWR nuclear power plant containment steel manufacturers. It is reported that the containment shell is the last barrier to prevent the leakage of radioactive materials inside the nuclear power plant. Cylindrical reinforced concrete buildings with a diameter of about 40 meters and a height of about 60 meters need to be fully "wrapped" with special steel plates 6 mm thick to ensure the overall sealing and bearing capacity of the containment. The 13th Five-Year Plan for Nuclear Power led by the State Energy Administration points out that the proportion of nuclear power generation is expected to increase to 8%-10% by 2030, and the market prospects for nuclear power steel are promising. For this...