(4140 precision steel sheet)

Today we will offer the latest steel news for you.

B： Recently, some localities in China have imposed power restrictions, triggering concerns about energy supply for winter. A spokesman for China’s National Development and Reform Commission (NDRC) said at a press conference on September 29.  China will allow more thermal coal imports and higher domestic production of the raw material to raise electricity generation rates. Moreover, the supply of coal could be guaranteed by using reserve sources and stocks in the coming winter.

A： Wuhan Iron and Steel Co., Ltd., subsidiary of major Chinese steelmaker Baowu Group, has announced that it plans to carry out maintenance work during the October 21-November 9 periods on its 1,580 mm hot-rolled production lines, which will result in a shortfall of 150,000 mt in its HRC output.

B： On September 27, inventory of iron ore at 33 major Chinese ports amounted to 120.01 million mt, down 0.78 percent compared to September 13, as announced by China’s Xinhua News Agency. The rising deliveries in the global market will exert additional pressure. The production restrictions in Hebei and Jiangsu provinces will continue to negatively affect the demand for iron ore, weakening the support for ore prices.

A： In these few months, the Covid-19 pandemic in the overseas market negatively affected the demand for longs, while most Chinese producers were focused on domestic sales. In the January-August period of the current year, China’s exports of rebar totaled 6.31 million mt, up 29.6 percent year on year, while wire rod export amounted to 1.42 million mt, up 10.5 percent year on year.

By the way, for 4140 steel, we can supply the 4140 precision steel sheet, round bar, and flat bar.

B： Rectangular pieces can be cut from flat bar or plate to your specific sizes.

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