Stainless Steel's Struggle Amidst Changing Market Dynamics

Recently, the stainless steel market has been abuzz with discussions and speculations. Let's dive into the latest hot topics:

• Qingshan's pan prices have dropped by 100! Agents continue to offer discounts. The competition is getting fierce!
• As soon as the collection of scrap materials was halted, people started to speculate if this was a strategic retreat.

On July 18, 2024, in the Foshan market, a trending topic emerged: A vegetable market in Yantian, Shenzhen, offered free cooking services, causing panic among a group of restaurants!

🏃‍♂️ The competition is fierce! The rapid development of technology, like AI, is causing job displacement, and now even the food and beverage industry seems to be innovating. Milk tea has made its debut, aiming to be the "Light of Hell"; as for us in the stainless steel industry, we are now 'Searching for Light in Hell'...

After a long absence, the author's favorite jester commented on the situation today.

In July, the market lacked excitement, so stainless steel bosses have all started to travel, hoping to bring back a good mood and a good market trend. However, there is a group that is not worried about the market trend but is anxious about something else.

This group refers to the export sector.

📉 There has been a lot of talk about the tax rebate for zero-tax products, with the dividing line being the 20th. During the grace period, the tax rebate is about 2.2%. However, there is a rumor that after July 20th, the normal tax rate will be around 24%, but it is not clear whether this is true. The difference is quite significant. The tax rebate is to be implemented by the actual owner of the goods or the manufacturer, with customs brokers, shipping ports, and freight forwarders assisting in the completion.

Feedback from export merchants:

What I heard is that the 'two highs and one low' will be reviewed and supplemented, not just for stainless steel. It is said that according to the (value-added tax, income tax, and local tax) comprehensive preferential tax rate, a tax of 2.12% will be paid. Those who do not cooperate will bear the subsequent legal responsibilities.

Previously, foreign trade merchants reported:

Every order counts, and all must be supplemented. If there is a special reason for not being able to contact or refuse to supplement, the tax bureau will investigate from the business unit, customs broker, shipping port, freight forwarder, and owner, and if there is a clue interruption, it will be handed over to the economic investigation for handling until the supplement is completed.

Foreign trade merchants said:

It's hard to take orders, the industry is chaotic, so sometimes we hope it can be more standardized, at least the competition will not be so fierce. I feel that the people in our industry are very brave, they will be restrained on the tuyere, and after a while, they will still return to the original state. As for the tax supplement, I don't know if it's the whole industry to do it, or it depends on luck. The bullet has been flying for a while, and everyone should have a bottom in their hearts, just to see when this sword falls...

Regarding the rumors, export merchants said.

Overall, the group that has experienced its high moments is also slowly fading a bit.

BBA said it would collectively withdraw from the price war because the price war has hurt the foundation, and if it can't afford to lose, it won't play. The "shuffle tide" in the stainless steel industry is that those who can't hold on will run first.

In the current environment, which is not prosperous, with operating costs continuing to increase and profits becoming more difficult, people in the stainless steel industry have chosen to "hold on a little longer". As a result, everyone has become like a donkey in the Arabian region: the carrot hanging on the forehead is always there but always can't be eaten, but it gives it the motivation to move forward and the courage to persist.

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: https://www.metal-ae.com/www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• WhatsApp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

 

🔍 Stainless Steel Market's Main Concern

July 22nd, Foshan Market News: Today marks the beginning of the hottest season of the year, Da Shu, which is also known as the Great Heat. Perhaps due to the need for restocking on Monday, the stainless steel market also showed signs of "warming up" compared to last week. The market was restless throughout the day. In the morning, attention was drawn to the "Ministry of Commerce's continued imposition of anti-dumping duties on imported stainless steel billets from Indonesia and other countries"; in the afternoon, the hot topic was the significant drop in stainless steel futures warehouse receipts:

📉 Significant Decrease in Stainless Steel Futures Warehouse Receipts

According to data from the Shanghai Futures Exchange, today's stainless steel futures warehouse receipts recorded 147,747 tons, a decrease of 39,847 tons from the previous trading day, a drop of 21.24%. This is the first significant inventory reduction on a trading day within the year, which has attracted considerable attention from the industry:

1. Voice 1: Level the market, deliver the warehouse receipts to agents, QS is the largest arbitrage company combining futures and spot trading.
2. Voice 2: The nearly 40,000 tons of warehouse receipts reduced corresponds to last week's GJ futures September short position of about 7,000 contracts closed (holding 9,000 contracts). This position belongs to QS, indicating it is a steel mill action.
3. Voice 3: The purpose of the significant reduction in positions by ZGGJ that day was to convert warehouse receipts into spot goods. All of Yongwang's warehouse receipts were converted into spot sales, totaling about 48,000 in East China and South China combined.
4. Voice 4: Today, while commodity futures are falling, why is stainless steel rising instead? It is due to the reduction of short positions, indicating that steel mills do not want to deliver in September and are selling spot goods to agents.
5. Voice 5: It is said that steel mills have instructed agents not to sell to futures and spot institutions, but the steel mills themselves are issuing warehouse receipts. After a rebate of 13550, it's about 13450 at the base.

Micro-comment: In the evening of Foshan, the sunset is particularly beautiful, spreading across the stainless steel circle of friends.

🌆 "Whether it's beautiful or not depends on the mood. You say such a market, the steel mill is in a good mood, so controllable. Like us, people who survive in the cracks, I feel that it is blood, the blood that the stainless steel people have shed with scars, and I don't have the mood to appreciate the beauty," said Old Iron.

Well, whoever is weak has reason, and whoever is hurt has the final say.

AmeriCan Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: https://www.metal-ae.com/www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• whatsapp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

```html

🔧 Stainless Steel Plant Shutdown for Maintenance 🔧

July 22nd, Foshan Market News: According to market reports, due to internal inventory pressure and the current weak market performance, after a comprehensive analysis of production, sales, and supply, a large stainless steel wide cold-rolled steel plant in South China has started a half-month shutdown from today. It is expected to affect the production of about 25,000 tons, mainly for 201 cold rolling.

Market Overview 📊

Today, the base price of 201 cold-rolled J5 material in the circulation market is reported at 7,850 yuan/ton.

📰 Video News Information 📰

For more detailed market trends and updates, please stay tuned to our video news channel.

---

About Americ Energy (CHINA) Co., Ltd. 🏭

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• WhatsApp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

```

 

Nickel Sales and Demand Growth Projections

 

 

 

Why Tianjin is a Key Battleground for Stainless Steel Foreign Trade

Tianjin Port, located on the eastern coast of Tianjin, China, is the largest comprehensive port and foreign trade port in North China, and also one of the world's highest-level artificial deep-water ports.

Tianjin Port boasts advanced port facilities and a complete transportation system, capable of docking all kinds of large ships in the world, and its cargo throughput has long been among the top in the world.

🔥 Register Now 🔥

👉 Scan the QR code above to fill in your personal information.

📢 Register for the conference and enjoy timely discounts.

With the global economic growth slowing down in 2024, the supply and demand of stainless steel and raw materials are on a collision course full of challenges and opportunities. As the downstream production capacity continues to expand and release, the demand for raw material imports increases. Tianjin Port, as a major transportation hub port for ore and iron, radiates the production capacity of the cargo area, accounting for more than 70% of the national total. Therefore, Mysteel has built a platform for exchange and cooperation for enterprises in the industry's upstream, midstream, and downstream in Tianjin, specially inviting more than 500 decision-makers from the global industry chain to participate in this event, including government chambers of commerce, chromium-nickel mines, chromium-nickel smelters, stainless steel factories, traders, logistics companies, and research institutions, to deeply discuss the differences in domestic and overseas investment environments and help the entire industry chain to develop steadily.

📅 Conference Schedule 📅

🔥 Register Now 🔥

Americ Energy (CHINA) Co., Ltd. stands as a prominent manufacturer and distributor of a comprehensive range of stainless steel products, designed to cater to the diverse needs of various industries. Their offerings encompass stainless steel tubes, plates, strips, and square tubes, all manufactured to uphold the highest quality benchmarks.

Contact Information:

• Website: www.metal-ae.com
• Email: ae@americenergy.com
• Phone: 13521210668
• whatsapp: 13521210668
• Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

I. What Is Eddy Current Testing

Eddy-current testing (also commonly seen as eddy current testing and ECT) is one of many electromagnetic testing methods used in nondestructive testing (NDT) making use of electromagnetic induction to detect and characterize surface and sub-surface flaws in conductive materials.

ECT principle

In its most basic form - the single-element ECT probe - a coil of conductive wire is excited with an alternating electrical current. This wire coil produces an alternating magnetic field around itself in the direction ascertained by the right-hand rule. The magnetic field oscillates at the same frequency as the current running through the coil. When the coil approaches a conductive material, currents opposed to the ones in the coil are induced in the material - eddy currents.

Variations in the electrical conductivity and magnetic permeability of the test object, and the presence of defects causes a change in eddy current and a corresponding change in phase and amplitude that can be detected by measuring the impedance changes in the coil, which is a telltale sign of the presence of defects. This is the basis of standard (pancake coil) ECT.

 

ECT has a very wide range of applications, including crack inspection, weld inspection, heat exchanger tube inspection, auto parts inspection, heat treatment inspection, material sorting and so on. There are also physical limits to generating eddy currents and depth of penetration (skin depth).

Skin effect

Skin effect is the tendency of an alternating electric current (AC) to become distributed within a conductor such that the current density is largest near the surface of the conductor, and decreases with greater depths in the conductor. The electric current flows mainly at the "skin" of the conductor, between the outer surface and a level called the skin depth. The skin effect causes the effective resistance of the conductor to increase at higher frequencies where the skin depth is smaller, thus reducing the effective cross-section of the conductor. The skin effect is due to opposing eddy currents induced by the changing magnetic field resulting from the alternating current.

Skin depth

 

The AC current density J in a conductor decreases exponentially from its value at the surface JS according to the depth d from the surface, as follows:

where δ is called the skin depth. The skin depth is thus defined as the depth below the surface of the conductor at which the current density has fallen to 1/e (about 0.37) of JS.

The current density which is smaller than 1/e (about 0.37) of JS is too weak to test. So eddy current testing is used for surface and subsurface inspection.

 

II. What Is Magnetic Flux Leakage

Magnetic flux leakage (TFI or Transverse Field Inspection technology) is a magnetic method of nondestructive testing that is used to detect corrosion and pitting in steel structures, most commonly pipelines and storage tanks. The basic principle is that a powerful magnet is used to magnetize the steel. At areas where there is corrosion or missing metal, the magnetic field "leaks" from the steel. In an MFL (or Magnetic Flux Leakage) tool, a magnetic detector is placed between the poles of the magnet to detect the leakage field. Analysts interpret the chart recording of the leakage field to identify damaged areas and to estimate the depth of metal loss.

III. What Is Low Frequency Testing

Low frequency testing is a method between eddy current and magnetic flux leakage. Eddy current is mainly for surface and subsurface crack and magnetic flux leakage is for corrosion of thick material. Low frequency can test more thick material than eddy current and it doesn’t need to magnetize the material like MFL. So LFT can be used to detect big corrosion for thick material, of course the testing sensitivity is not as high as eddy current and magnetic flux leakage.

IV. What Is Metal Magnetic Memory

 

Metal magnetic memory testing is to determine the stress concentration area. Experiment proves that under the action of the alternative loading, the normalization phenomenon of the magnetic domain occurs at the places containing defects and inclusions in in-service ferromagnetic components, and leakage magnetic field arises on it. At the places of defects or internal stress relative concentration the metal magnetic conductivity is in possession of minimum value, and the tangent component of its magnetic field is in possession of maximum value, and therefore the sign of the normal component is changed and its value is zero. The stress concentration areas can be located by detecting the normal component of leakage magnetic field on the surface.

From May 21st to 23rd, the 3-day 2024 Nigeria Lagos HVAC Exhibition (MEGA CLIMA) came to a perfect end! During the period, the KLC booth attracted the attention of many exhibitors and visitors. The team members enthusiastically introduced the characteristics and advantages of filters and equipment to visitors, and won the recognition and favor of many potential customers.

 

Let's review the wonderful moments of 2024 MEGA CLIMA together!

 

During the 3-day exhibition, KLC fully displayed the clean room solutions and new refrigeration and HVAC filter products of the refrigeration and HVAC industry, and had in-depth exchanges with professionals in West Africa and surrounding areas, opening up a broader clean industry space and market.

 

 

Through this exhibition, the confidence guarantee of KLC products was brought to the Nigerian HVAC and refrigeration market, and new possibilities were brought for the application of HVAC and refrigeration products in the new era and various industries. Every separation is for a better meeting next time. Thank you for your trust and recognition of KLC, and thank you for your expectations of new friends! I hope to work with you in the future to contribute to clean production space and low-carbon life!

We are honored to announce that KLC has officially joined NAFA. This important milestone marks KLC's further development and commitment in the air purification industry.

 

 

The National Air Filtration Association (NAFA) brings together air filter and component manufacturers, sales and service companies, and HVAC and indoor air quality companies.

NAFA’s mission is “To be The Global Source for Expertise, Education and Best Practices in Air Filtration.”  NAFA strives for this goal by sourcing the best minds in air filtration to create substantial and influential education for the industry.

 

 As a new member, KLC is looking forward to the opportunity to share experiences with more industry experts, obtain the latest air purification industry trends, and participate in a wider network in the future.

 

Joining NAFA is not only a recognition of our team's efforts, but also our commitment to provide customers with higher quality services. We look forward to further enhancing our professional capabilities and creating greater value for our customers through this platform.

 

Thank you to all our customers and partners who support us. In the future, we will continue to work hard and strive for excellence.