Blog - CUMIC STEEL LIMITED

Letter of Credit: From the Origin to the Future

2022.05.13

What Is a Letter of Credit?A Letter of Credit (L/C) is a payment mechanism that provides economic guarantees to beneficiaries and is widely used in the global steel trade. The L/C issued by the bank w...

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[Market Insight] Vietnam Steel Industry Overview

2022.04.26

Vietnam’s GDP growth in 2021 has fallen short of forecasts to 2.58 percent, lower than the 2.91% in 2020, as the COVID-19 pandemic has imposed adverse impacts on all sectors of the national economy, ...

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[Market Insight] Russian Steel Industry Overview

2022.04.12

Russia is the fifth-largest steel producer in the world. The country is extremely well endowed with mineral resources. It is rich in natural gas, oil, coal, iron ore, and various metal resources requi...

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[Market Insight] Turkey Steel Industry Overview

2022.03.30

Turkey is the seventh-largest steel producer globally and the largest one in Europe. Today the country has 26 electric arc furnace mill plants (EAF), 11 induction furnace plants, and 3 BOF plants.Turk...

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[Market Insight] 2021 Global Steel Market Review and Outlook

2022.03.18

Severely affected by the COVID-19 pandemic, the global steel industry showed a sharp decline in 2020, but with the recovery of the global economies and industries, the sector has seen a stronger than ...

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[Market Insight] Ukrainian Steel Industry Overview

2022.03.01

Ukraine is one of the world's largest producers of steel and exporters of iron ore.According to Ukrmetalurgprom, Ukrainian steel trade association, the countryproduced 21.4 million mt of crude ste...

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Tinplate: Characteristics and Production

2021.12.20

Tin plated steel sheet, commonly known as tinplate steel, refers to a cold-rolled thin steel plate coated with a thin layer of metal tin on the surface. It has a certain strength and hardness, good fo...

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Comparison: Pure Zinc & Aluzinc & ZAM Coated Steels

2021.12.06

The hot-dipped galvanized series of coated steels or steel strips are used in our trade or processing, such as galvanized, aluminum-zinc, zinc-aluminum-magnesium, and other coatings. According to some...

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Heat Treatment, Coating Process and Finishing of High strength Steel Plates

2021.11.03

1. THE MAIN PROBLEMS OF HEAT TREATMENT AND COATING PROCESS OF HIGH STRENGTH STEEL PLATEThe annealing and flattening process ultimately determine the mechanical properties, shape, and surface quality o...

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High Strength Steel Applications and Types

2021.10.19

Ⅰ. HIGH TENSILE STEEL USESHigh tensile strength steel is mainly used for structural applications and can be produced with or without the addition of small amounts of microalloying elements. Under N a...

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