runfei news&blogs

05Jun NewsSteel News

International Steel Market Daily: Southeast Asian Slab Prices Have Experienced A Significant Monthly Decline. Some Buyers Are Cautious And Watching Russia’s Low-priced Resources

According to the latest information, the mainstream price of imported slabs from Southeast Asia with specifications of SAE1008/SAE 1006 is about $530/ton CFR, with a...

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03Jun NewsSteel News

IEA Expects China To Continue To Dominate Rare Earth Refining This Decade

The International Energy Agency predicts that by 2030, global rare earth magnet refining capacity will still be highly concentrated in certain regions, with China alone...

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31May NewsSteel News

European Hot Coil Import And Export Prices Are Stable

This week, hot-rolled coils for July delivery in Northern Europe were quoted at 640-660 euros/ton EXW (695-716 US dollars/ton). Some suppliers said they would deliver...

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29May NewsSteel News

Russia, China Eye Steel Industry Cooperation

The Russian Iron and Steel Association and the China Chamber of Commerce for Import and Export of Minerals, Minerals and Chemicals signed a memorandum of...

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27May NewsSteel News

Brazilian Steel Industry To Invest US$19.5 Billion

Brazilian steelmakers will invest 100.2 billion Brazilian reals ($19.5 billion) over the next five years in production expansion, process upgrades and decarbonization projects. Brazilian President...

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23May NewsSteel News

Türkiye’s Posco Assan Company Requests Additional Anti-dumping Duties On Stainless Steel Products From China And Indonesia

Turkey’s largest stainless steel flat steel producer Posco Assan TST (Turkey Posco Assan TST, a joint venture of South Korea’s Posco Steel and Turkey’s Kibar...

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22May NewsSteel News

Nippon Steel Raises Prices in May Due To Cost Reasons

Due to rising alloy costs, Nippon Steel Stainless Steel Corporation (NSSC) will increase the price of nickel-based stainless steel (300 series) sold in May by...

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21May NewsSteel News

Nickel Prices Soar Amid Unrest in New Caledonia

Nickel prices on the London Metal Exchange surged more than 5% on Friday amid violent protests and riots in New Caledonia. New Caledonia will become...

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19May NewsSteel News

EU Approves Nippon Steel’s Acquisition Of U.S. Steel

The European Commission approved Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel on May 6, concluding that “given the limited market position resulting from...

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17May NewsSteel News

Congratulations to The 25th Anniversary of Runfei Group

In honor of the 25th anniversary, Runfei Group recently took a trip to one of the most beautiful island destinations in the world, Boracay, the Philippines. This...

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16May Steel News

The United States Announces It Will Impose Additional Tariffs On Chinese Steel And Aluminum

On May 14, 2024 local time, the United States announced that it would impose additional tariffs on Chinese steel and aluminum. Under Section 301, tariff...

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15May Steel News

Biden Set To Increase Chinese EV Tariffs To Over 100%

The Biden administration is expected to impose tariffs on Chinese electric vehicles and other imported products to make domestic industries more competitive. After a three-year...

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