Steel Markets Report From -Promisteel

Weekly News on Domestic and International Steel Markets Report from -Promisteel

Ma Steel Achieves Breakthrough in Pre-Nickel Plating for New Energy Batteries

Ma Steel has made a breakthrough in the field of new energy battery materials with its developed pre-nickel plating.

Pre-nickel-plated battery steel is the core structural material of high-end battery casings. Previously, it has long been dependent on imports. In this trial stamping, a pre-nickel-plated steel coil with a thickness of 0.3mm was used. After being processed by precision stamping equipment, there are no cracks at the edges of the product, and the plating layer does not peel off. This has preliminarily verified the reliability of the material in key indicators such as stamping formability and plating adhesion

Chinese Steel Reinvents Itself as a "Fashion Material"

Hesteel, Pangang Group, and Henan Iron & Steel enable home appliances, buildings, and other products to be clad in the "steel finery". When home appliances are dressed in the "steel finery", when building curtain walls are covered with a starlike coating, and when the back shells of laptops reflect cyber lights... Steel materials are subverting people's traditional perception of steel and continuously beautifying our colorful lives. There was a time when "clumsy, dark, large, and coarse" became the byword for steel. Nowadays, steel enterprises, through continuous exploration and technological innovation, are making steel materials trendier, shining brightly in numerous application fields and injecting new vitality into this traditional material.

China-Brazil Strategic Ties Deepen with President Lula's State Visit

The visit of Brazilian President Lula to China ushers in a new historical stage for China-Brazil relations.

Luiz Inácio Lula da Silva, President of the Federative Republic of Brazil, paid a state visit to China from May 10th to 14th. The Chinese side believes that, under the current international situation characterized by changes and turmoil, this visit is of great significance. It will further enrich the strategic connotation of the China-Brazil community with a shared future, demonstrating the firm will and sense of responsibility of China and Brazil to lead the countries of the Global South to strengthen unity and cooperation and promote regional and global stability and prosperity

U.S. Reduces Overall China Tariffs to 30%, Steel Tariffs Remain Above 70%

The overall tariffs imposed by the United States on China have been reduced to 30%, but the tariffs on steel remain above 70%

The Sino - US economic and trade negotiations in Geneva have come to an end. Both sides have committed to taking the following measures by May 14, 2025: The effective tariffs imposed on China by Trump are 10% reciprocal tariffs plus 20% fentanyl - related tariffs, with a total of 30% tariffs. The steel tariffs are not affected by this Sino - US economic and trade statement and still remain as high as over 70% (25% + 25% + 10% + 10%).

Russia's Stainless Steel Output Drops; Mexico Launches Anti-Dumping Probe Against China

Russia's stainless steel production has declined, and Mexico has launched an anti-dumping investigation against China.

In the first quarter of 2025, Russia's stainless steel production decreased by 12.1%. Mexico has launched an anti-dumping investigation into stainless steel sinks from China, and the TIGIE tariff number of the products involved is 7324.10.01