Li Xinchuang, deputy secretary-general of China Iron and Steel Association, said at the China Iron Ore Conference on Wednesday that China's steel demand is now turning, and crude steel production is expected to fall 1.07% to 814 million tons. Global iron ore price. IO62-CNI=SI indicator Iron ore price may fall below $60 per ton in the short term and will remain at $65-75 for a long time, continuing to slump.
Li Xinchuang, deputy secretary-general of China Steel Association, said that the actual consumption of steel in China has already turned inflection point. In the long run, steel consumption and production will maintain a low growth rate, and steel prices will remain sluggish due to overcapacity. “Declining demand will also affect upstream steel energy and iron ore prices.â€
Li Xinchuang expects that domestic iron ore supply will be reduced by 70 million tons this year, iron ore imports may increase by 7.1% to 1 billion tons, while the major suppliers Australia and Brazil will increase to more than 80%.
Zhang Dianbo, assistant president of Baosteel, said that the reduction of international iron ore prices will lead to the accelerated elimination of domestic non-mainstream iron ore, and the increase in iron ore imports from China, which will lead to further monopolization of four major mining giants such as BHP Billiton and Rio Tinto. concentrated. “The monopoly will lead to price control, but whether the iron ore price rebounds depends on supply and demand. Iron ore prices will be an interval fluctuation this year.â€
HASTELLOY®
Hastelloy Availability
Yuhong Group supplies Hastelloy C276, C22, X, B3 and B2. Most of these alloys are available in the form of plate, sheet, bar, pipe, tubing, pipe fittings, flanges and welding material. Request a Quote today on any of these alloys.
The registered trademark name, Hastelloy, is applied as the prefix name to more than twenty different highly corrosion resistant metal alloys produced by Haynes International, Inc. Thesesuperalloys, or high performance alloys, developed by Haynes International, are nickel-based steel alloys that exhibit traits that include high resistance to uniform attack, localized corrosion/oxidation resistance, stress corrosion cracking resistance and ease of welding and fabrication.
Alloys of identical chemical and mechanical properties are available from other manufacturers and offer excellent alternatives to the various Hastelloy® brand alloys.
The corrosion-resistant superalloys are widely used by the chemical processing, aerospace, and industrial gas turbine and marine industries. Additionally, due to the their reliable performance, areas of energy, health and environmental, oil and gas, pharmaceutical and flue gas desulfurization industries are increasingly using them.
What are the Characteristics of Hastelloy ?
High resistance to uniform attack
Outstanding localized corrosion resistance
Excellent stress corrosion cracking resistance
Good resistance to acids such as sulfuric, nitric, hydrochloric, hydrofluoric and chromic
Ease of welding and fabrication
High resistance to oxidation at elevated temperatures
In what Applications are Hastelloy alloys used ?
Chemical Processing Industry
Aerospace
Pharmaceutical
Oil and gas production
Components where exposure to high mechanical stress and sea water are required
Components exposed to flue gas or flue gas desulfurization plants
Superalloys, also known as high performance alloys, have become the steel of choice for corrosion resistance and versatility.
*Hastelloy® is a registered trademark of Haynes International, Inc.
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