Industry News
The domestic steel market may usher in a "double increase in supply and demand" market
In late February, the average daily output of Steel Products of key steel enterprises was 2.301 million tons, up 13.0% month-on-month and 23.8% year-on-year.
360’s Zhou Hongyi Urges Focused AI Integration in Steel Industry, Warns Against "Chatbot Mentality"
Beijing — Artificial intelligence (AI) large models must not be treated as mere “chatbots” in the steel industry but instead be transformed into specialized vertical models integrated with “intelligent agents” to solve concrete production challenges, emphasized Zhou Hongyi, founder of 360 Group and a member of the National Committee of the Chinese People’s Political Consultative Conference (CPPCC), in an exclusive interview with China Metallurgical News on March 7.
Establish a supply chain platform for the steel industry to promote the transformation of steel products to material grade
Shijiazhuang, China – Hebei Province has unveiled a comprehensive strategy to drive industrial modernization and high-quality development through four key initiatives: scaling new heights, extending industrial chains, embracing innovation, and fostering industrial clusters. The plan aims to position Hebei as a leader in advanced manufacturing and emerging technologies while revitalizing its traditional industries.
2025 steel price trend forecast: supply and demand challenges and future opportunities coexist
According to forecasts by the Metallurgical Industry Planning and Research Institute, China's steel demand in 2025 is projected to reach 850 million tons, with a year-on-year decline narrowing to 1.5%.
The two will talk about the strategy of breaking the situation in the steel industry
The whole industry should conscientiously practice the business principle of "three determinations and three don'ts", and at the same time, cooperate with the national competent authorities to promote the implementation of the new mechanism of capacity governance as soon as possible, adopt a market-oriented and law-based approach to close the entrance of production capacity, smooth the exit channels, and solve the balance between the total supply and total demand of steel.
The impact of the US tariffs on China's steel industry
We conducted a survey on export enterprises with large export volumes and key production enterprises by variety, and the survey showed that the impact of the US tariffs on China's steel industry was very limited, and most of the companies said that China's direct orders to the United States were small.
Global crude steel production in January 2025 fell 4.4% year-on-year
According to the latest data released by the World Steel Association, the crude steel output of the world's 69 countries and regions included in the statistics in January 2025 was 151.4 million tons, a year-on-year decrease of 4.4%. These countries and regions account for 98% of global crude Steel Production.
What is the impact of anti-dumping duties imposed by Vietnam and South Korea on China's steel exports?
On February 21, Vietnam announced that it would impose three levels of anti-dumping duty rates of 19.38%, 26.94% and 27.83% on Chinese steel products exported to Vietnam.
From the "DeepSeek fever", we can see how AI is implemented in steel enterprises
In the face of "DeepSeek fever", how steel enterprises should be based on the characteristics of the industry and the actual situation of the enterprise, and avoid blindly following the trend has become a question worth pondering.
