This week, ferrous metals were in the doldrums. On the first day after the holiday resumption, due to the impact of overseas risk events during the long holiday—primarily the US's plan to impose new tariffs on approximately six industries (including large batteries, cast iron and iron fittings, plastic pipes, industrial chemicals, as well as power grid and telecommunications equipment) and the escalation of US-Iran tensions—overall sentiment fluctuated significantly, and ferrous futures also touched recent lows. Mid-week, with some steel mills in the Tangshan area receiving notifications for voluntary emission reductions during the Two Sessions, coupled with Shanghai's adjustment of housing purchase restrictions and rumors of favorable real estate policies during the Two Sessions, futures rebounded from lows, showing significant sector resonance effects. However, as the weekend approached, no new favorable policies emerged, and futures retreated once again.

SMM Nickel Market News on February 24: Macro and Market News: (1) On February 23, US media reported that the US government is considering imposing new tariffs on approximately six industries on the grounds of "national security." The proposed tariffs may cover large-scale batteries, cast iron and iron fittings, plastic pipes, industrial chemicals, as well as power grid and telecommunications equipment. These new tariffs will be implemented separately from the recently announced global 15% tariff measures. (2) A spokesperson for the Ministry of Foreign Affairs announced: At the invitation of Premier Li Qiang of the State Council, German Chancellor Merz will pay an official visit to China from February 25 to 26. Spot Market: On February 24, the price range for SMM #1 refined nickel was 137,300-147,700 yuan/mt, with an average price of 142,500 yuan/mt, up 2,400 yuan/mt from the previous trading day. The spot premium quotation range for Jinchuan #1 refined nickel was 8,300-9,500 yuan/mt, with an average premium of 8,900 yuan/mt, up 50 yuan/mt from the previous trading day. The spot premium/discount quotation range for mainstream domestic brands of electrodeposited nickel was -400-400 yuan/mt. Futures Market: On the first trading day after the Chinese New Year holiday, the nickel market got off to a good start. The most-traded SHFE nickel contract (2603) opened higher and continued to rise, showing strong performance. By the end of the morning session, it was quoted at 138,590 yuan/mt, up 1.77%. During the holiday, LME nickel prices rose slightly, and the SHFE nickel market saw a catch-up rally today. During the holiday, a landslide occurred at the IMIP industrial park in Indonesia, resulting in casualties and further intensifying market concerns over supply disruptions. In the short term, the most-traded SHFE nickel contract is expected to break through the 140,000 yuan/mt level again, but upside potential remains constrained by high inventory.

On the 23rd local time, US media reported that the US government is considering imposing new tariffs on about six industries on the grounds of "national security." The proposed tariffs may cover industries such as large batteries, cast iron and iron fittings, plastic pipes, industrial chemicals, as well as power grid and telecommunications equipment. These new tariffs will be implemented separately from the recently announced global 15% tariff measures.

At the 2025 SMM (2nd) Global Recycled Metal Industry Chain Summit - Main Forum hosted by SMM Information & Technology Co., Ltd., Dr. Somthai Wongcharoen, Secretary General of the ASEAN Institution of Recycling (AIR), shared insights on the topic of "Green Transformation and Sustainable Development Prospect of Thailand's Recycled Metals Industry."

On May 22, 2025, the US International Trade Commission (ITC) voted to issue an affirmative final determination on industry injury in the antidumping and countervailing duty investigations of high chrome cast iron grinding media imported from India, concluding that the products alleged to be dumped and subsidized caused material injury or a threat of material injury to the domestic industry in the US. Based on the ITC's affirmative final determination, the US Department of Commerce will issue antidumping and countervailing duty orders on the products in question from India. This case primarily involves products classified under US HS code 7325.91.0000. On May 16, 2024, the US Department of Commerce initiated antidumping and countervailing duty investigations on high chrome cast iron grinding media imported from India. On April 22, 2025, the US Department of Commerce issued final antidumping and countervailing duty determinations on high chrome cast iron grinding media imported from India. (Compiled from: Official Website of the US International Trade Commission) Original text: https://www.usitc.gov/press_room/news_release/2025/er0522_67016.ht

The CLNB 2025 (10th) New Energy Industry Expo, hosted by Shanghai Metals Market (SMM), will be grandly held at the Suzhou International Expo Center from April 16 to 18, 2025. Concurrently with the exhibition, there will be 1 main forum and 11 sub-forums, attended by government leaders, academicians from the Chinese Academy of Sciences and the Chinese Academy of Engineering, domestic and overseas scientists, foreign guests from dozens of countries, and leading entrepreneurs from various industries. Witness the gathering of industry leaders, delve into core technologies, listen to experts' insights, and interpret market trends. Gather in Suzhou, focus on key issues, and join us in dissecting industry development. This expo covers 6 major exhibition areas, with over 1,300 domestic and overseas exhibitors and participating companies showcasing the entire industry chain of batteries, including power batteries, consumer batteries, ESS, raw materials, materials, equipment, battery recycling, as well as NEVs, power tools, electric drives, and low-altitude economy in the power exhibition area, providing you with a one-stop exhibition experience. Click to fill out the registration form and register immediately to discuss the future development of the new energy industry with industry elites. We look forward to your arrival and to opening this feast of the new energy industry with SMM. At this New Energy Industry Expo, Shanghai Rudi Fluid Conveying Equipment Co., Ltd. will make a grand appearance, discussing industry cooperation, sharing development opportunities, and jointly painting a beautiful blueprint for the new energy industry with peers. Shanghai Rudi Fluid Conveying Equipment Co., Ltd., Booth No.: F107, cordially invites you to visit the CLNB 2025 New Energy Industry Expo. About Shanghai Rudi: Shanghai Rudi Fluid Conveying Equipment Co., Ltd., established in 2007, is a specialized and innovative enterprise, a high-tech enterprise, and a professional manufacturer of pneumatic diaphragm pumps, electric diaphragm pumps, electric-pneumatic hybrid pumps, and plunger pumps. From introducing foreign technology to continuously innovating and developing new products, the company is one of the producers with the most comprehensive specifications and varieties of pneumatic diaphragm pump products both domestically and overseas. The products cover diameters from 06 to 125, with materials including stainless steel, alloy steel, cast steel, cast iron, plastic, aluminum alloy, etc., and is a service provider offering high-quality digital and intelligent solutions to global customers. The company wins the market with small batches and multiple varieties, with product classifications including standard pumps and non-standard pumps. Centered on customers, it provides: anti-dry running pumps, heat-insulated diaphragm pumps, powder conveying pumps, filter press special pumps, sanitary pumps, anti-icing pumps, airless motor pumps, high suction pumps, remote alarm control pumps, anti-diaphragm rupture device pumps, and intelligent pumps for different occasions. Mainly distributed in industries such as nuclear power, new energy, fine chemicals, pharmaceuticals, coatings, paints, shipbuilding, environmental protection, and water treatment. Your dreams and wisdom will be realized at Rudi, with more pumps continuously under development... The company's core values: customer-centric, continuously launching new products. Let employees benefit, let customers benefit, let suppliers benefit, and satisfy society, looking forward to longer cooperation with you! Product Introduction: RD All-PP Pneumatic Diaphragm Pump: The RD All-PP Pneumatic Diaphragm Pump uses high-performance engineering plastics as the flow components of the diaphragm pump, making it more suitable for acidic and alkaline working environments and more corrosion-resistant. The plastic air valve body adopts an external air valve, which can be maintained externally without opening the inner cavity. The air valve piston cavity is equipped with a stainless steel cylinder sleeve, improving the piston's sealing and enhancing the product's service life. Additionally, the air inlet is equipped with our company's unique air filtration and purification mesh device to prevent unclean air from entering and affecting the air valve's service life. Moreover, our air guide switch uses ceramic and engineering plastics for different usage scenarios. Our diaphragm pump ball seat sealing rings are made of different materials such as fluororubber, fluororubber-coated, and chloroprene rubber, suitable for various media. It is suitable for acidic and alkaline working environments, capable of handling chemicals, corrosive fluids, acids, and gases. Typical applications include chemistry, water treatment, chemical tank electroplating, industrial tank removal, etc. RD All-Stainless Steel Pneumatic Diaphragm Pump: The RD All-Stainless Steel Pneumatic Diaphragm Pump has all-stainless steel middle body components, greatly enhancing the overall corrosion resistance of the pneumatic diaphragm pump, making it suitable for more usage scenarios including nuclear power plants, chemical, spraying, food, pharmaceutical, etc. The stainless steel middle body air valve cover adopts an upper air intake structure, which can use downward airflow to press the air guide switch and reversing switch, preventing them from jumping up and disengaging from the slot during equipment operation, causing equipment jamming. At the same time, we have set up a filtration device at the air source inlet to protect the normal operation of the air valve body. The diaphragm pump's inlet and outlet connection methods include threaded and flanged connections, suitable for different pipeline interfaces. Typical applications include drum-type fluid conveying, bulk fluid supply, chemical evacuation, groundwater and sump evacuation, waste liquid removal, slurry and sludge conveying, environmental protection, shipbuilding, ceramics, and other industries. RD New-Type Electric-Pneumatic Hybrid Pump: The new-type electric-pneumatic hybrid pump is an important type of diaphragm pump, which converts the motor's rotation into the reciprocating motion of the diaphragm pump's diaphragm drive shaft, thereby achieving alternating changes in the cavity volume and realizing fluid transmission. Traditional electric diaphragm pumps are composed of a motor, reducer, coupling, and pump body. The reduction mechanism is installed in the reducer box, and the diaphragm pump's moving components are installed in the diaphragm pump box. Product Performance Features: 1. The diaphragm pump's reciprocating motion mechanism and reduction mechanism are installed in the same box; 2. The reduction mechanism's output shaft is also the input shaft for reciprocating motion, eliminating the coupling and making the structure more compact; 3. The installation reference is uniformly set on the housing; the motor and housing are connected by flanges; 4. The housing cavity has a large volume, facilitating the storage of more lubricating oil, which is beneficial for heat dissipation; 5. The reciprocating motion mechanism uses linear bearings as support, with low friction resistance and easy replacement; 6. The housing has a built-in air pipe for gas exchange between the two diaphragms and the inner clamping plate forming the inner cavity. Working Principle: The motor drives the reduction mechanism through an eccentric bearing to drive the pump body's plunger for reciprocating motion, thereby driving the diaphragm. There are 4 one-way ball valves installed above and below the left and right pump bodies. During the reciprocating motion of the diaphragm, the volume of the working cavity changes, forcing the 4 one-way ball valves to alternately close and open automatically, thereby continuously sucking and pressing out the medium (liquid). [CLNB 2025—Hot Registration in Progress] CLNB 2025 (10th) New Energy Industry Expo, April 16 to 18, 2025, Suzhou International Expo Center.

With the official commissioning of the new factory of Zhongrong Intelligent Equipment (Jiangsu) Co., Ltd., a wholly-owned subsidiary of Zhongzhu New Materials Industry (Jiangsu) Co., Ltd., the company has added 17,500 m² of workshop space, significantly boosting its production capacity. The company now boasts a robust manufacturing capability of 6,000 mt of precast components and 200 sets of high-end equipment. Additionally, the annual total capacity of its unshaped refractory materials will reach a new height of 100,000 mt. In 2024, in addition to the launch of the new Zhongrong Intelligent Equipment factory, as a leading professional high-temperature material manufacturer, Zhongzhu New Materials Industry, with its profound technical foundation, always places product R&D and technological innovation at the core of its development. The company has further increased investment in the field of technology R&D, not only mobilizing substantial human and material resources but also fully leveraging the platform advantages of its Jiangsu High-Efficiency Refractory Material Research and Development Center and provincial-level enterprise technology center, continuously promoting the development of new products and the innovation of production processes. On this basis, Zhongzhu New Materials Industry actively expands cooperation channels, establishing close R&D partnerships with multiple domestic research institutes and universities, and crossing borders to collaborate with several renowned European enterprises and top experts, jointly exploring the infinite possibilities of materials science. These efforts have yielded abundant results, with multiple innovative products being developed and gradually introduced to the market. In 2024, Zhongzhu New Materials Industry once again achieved a historic breakthrough in production and sales, with the sales growth of precast components and equipment exceeding 60%. This remarkable achievement is undoubtedly the best proof of the company's long-term commitment to R&D and innovation. Looking back at the solid steps and brilliant achievements of Zhongzhu New Materials Industry on the path of innovation and development in 2024: Zhongzhu New Materials 2024 Review Key Words - Government Support, Scientific Research Projects, Invention Patents 1. The Zhenjiang Municipal Government awarded Zhongzhu New Materials Industry special funds for the "Jinshan Talent Project," recognizing and strongly supporting the company's outstanding innovation capabilities and high-level talent team. 2. The company successfully completed and passed the acceptance of a municipal R&D project, actively participating in the "Zhenjiang Intellectual Property Strategy Promotion Plan." We were also honored to be selected for the "2024 Innovation and Entrepreneurship Talent of Zhenjiang" award. Zhongzhu New Materials Industry was recognized as a provincial-level enterprise technology center in Jiangsu Province. The company has taken various measures to strengthen its leading position in the technology field, including organizing technical training, hosting specialized lectures, and conducting in-depth R&D collaborations with domestic and overseas refractory material experts. 3. With relentless effort and an innovative spirit, the company's R&D and technical engineers have achieved significant accomplishments in the field of intellectual property, successfully applying for and obtaining multiple invention patents, utility model patents, and design patents, demonstrating the company's strong technological innovation capabilities and deep R&D strength. Key Words - New Products, New Technologies In 2024, Zhongzhu Company made significant achievements in the R&D field, initiating 45 new product development projects and successfully launching over 20 new products to the market, widely applied in casting, aluminum processing, special steel manufacturing, die-casting, copper semis processing, and power petrochemical industries. Some of these new products are specially designed to meet specific market demands, aiming to fulfill unique customer requirements; others are optimized upgrades of existing products, aimed at enhancing product life and performance. Some products, through technological innovation, have successfully overcome technical bottlenecks, with their technical parameters reaching international leading levels, showcasing Zhongzhu's technical strength and superior quality. New Product 1 Chromic Corundum Castable for Copper Troughs To meet the specific needs of a foreign copper smelting company, Zhongzhu's R&D personnel innovatively improved the material for the copper water trough, designing a high-chromium-content corundum-based composite material—ULTRA-FLO 809CR. This material exhibits a compressive strength of over 180 MPa at 1,100°C, demonstrating extremely high thermal stability and mechanical strength. ULTRA-FLO 809CR also has a very low porosity, which greatly enhances its resistance to penetration and extends its service life. Furthermore, ULTRA-FLO 809CR, through special formulation and process treatment, possesses excellent resistance to copper liquid erosion and slag erosion. This means that in the harsh environment of copper smelting, the material can effectively resist the high-temperature chemical erosion of copper liquid and slag, ensuring the long-term stable operation of the copper water trough, reducing maintenance costs and downtime. ULTRA-FLO 809CR not only meets the high standards of the foreign copper smelting company for material abrasion and chemical erosion resistance but also, with its excellent performance and reliability, significantly improves the production efficiency and economic benefits of the copper smelting industry. New Product 2 High-Wear-Resistant Silicon Carbide Material The development of this high-end material focuses on meeting the stringent requirements of specific areas, especially those with extremely high wear resistance demands, such as burner nozzles, cyclone separators, and flue pipes in the power industry, gas burners, cyclone separators, baffles, and conveying pipes in the cement industry, and furnace thresholds, aluminum outlets, vortex wells, throttling grooves in the initial transfer section, and impact plates in the central melting furnace tower in the aluminum processing industry. Through more than two years of meticulous research and tireless exploration, Zhongzhu Company, in collaboration with Spanish technical experts, successfully developed a silicon carbide material with a wear index of around 2, requiring only simple low-temperature baking. This breakthrough achievement, with its technical indicators reaching world-leading levels, provides a new solution for related industries to address wear issues. New Product 3 Cement-Free Series Castables Compared to traditional cement-based or low-cement castables, cement-free castables have significant advantages, specifically: 1. Improved Refractoriness and Chemical Erosion Resistance: Cement-free castables, without cement, reduce the formation of low-melting phases, thereby improving refractoriness, high-temperature strength, and slag resistance. 2. Reduced Hydration Heat and Cracking Risk: Cement-free castables, containing no or minimal cement, reduce the risk of cracking due to hydration stress and lower the amount of low-melting substances at high temperatures, thus enhancing the material's thermal shock resistance. 3. Excellent Workability: Cement-free castables have better fluidity, allowing them to fill smaller gaps and voids, resulting in a denser and more uniform structure. Due to their unique setting and hardening mechanism, they can be vibration-formed during construction and set with a setting accelerator, making construction more convenient. 4. Enhanced Chemical Stability: Cement-free castables can resist various chemical erosions and wear, thereby extending the service life of the furnace lining. The company's R&D personnel have developed two series of cement-free bonding castables, including sol-bonded products and direct water-added products, which have been used in vacuum induction furnace troughs, coreless furnace mouths, and high-temperature calcination kilns for aluminum dross, achieving excellent results! New Product 4 Single-Component Rapid Repair Material Single-component rapid repair materials only require on-site water addition for construction, offering advantages such as easy transportation, storage, and construction compared to two-component materials. However, currently, single-component materials from well-known domestic and overseas manufacturers suffer from low strength at low temperatures and poor fluidity, preventing widespread market adoption. Zhongzhu's R&D teams, both domestically and internationally, drew inspiration from the binding mechanisms of industrial ceramic materials and found solutions from the design of high-temperature coating materials, perfectly addressing the shortcomings of single-component rapid repair materials. The material shows a drying strength of over 90 MPa at 110°C and a sintering strength of over 130 MPa at 815°C. It also exhibits excellent resistance to aluminum liquid infiltration and alkali erosion. The product has already been used by several well-known industrial furnace companies and customers. For specific product parameters, please contact the relevant sales department. New Product 4 Complete Set of Aluminum Liquid Degassing and Filtration Casting Equipment With the professional guidance and strong support of NOVELIS PAE technical experts and the solid technical support provided by Shanghai Qianlei Machinery, Zhongzhu's engineering team successfully developed multiple sets of equipment with performance indicators reaching international advanced levels in 2024. These equipment have been applied on-site by many well-known aluminum enterprises both domestically and internationally, and feedback indicates that their performance is excellent. This achievement not only highlights Zhongzhu's deep strength and outstanding innovation capabilities in the R&D of aluminum processing equipment but also further consolidates its competitive position in the international market. Through cooperation with NOVELIS PAE and Shanghai Qianlei Machinery, Zhongzhu has absorbed and integrated advanced international technical concepts and practical experience, continuously enhancing its technical level and product competitiveness. Looking ahead, Zhongzhu will continue to adhere to the development philosophy of innovation, pragmatism, and efficiency, strengthening cooperation and exchanges with well-known domestic and overseas enterprises and research institutions, continuously promoting the upgrade and innovation of aluminum processing equipment technology, and contributing more wisdom and strength to the development of the aluminum processing industry. Of course, the company's new products are not limited to those listed above, covering all application fields in several major categories, such as dry vibratable materials for cast iron, cast copper, and cast steel, zirconia-containing pig iron ladle castables, silica-based repair materials, alumina-based anti-sticking aluminum materials for the aluminum industry, lightweight insulating materials for trowel application, and refractory putty for casting table repairs. Key Words - Exhibition Promotion, Customer Visits In 2024, Zhongzhu actively participated in numerous well-known exhibitions globally, including the German Aluminum Industry Exhibition, China International Foundry Exhibition, and Shanghai China International Aluminum Industry Exhibition, among other domestic and overseas events, using these platforms to widely promote the company's brand and innovative products. At the same time, Zhongzhu deeply engaged in a series of high-level industry conferences, such as the Foundry Professional Conference, Aluminum Processing Technology Seminar, Recycled Aluminum Industry Forum, and Silicon Material Development Summit, discussing the future with industry elites. During this period, Zhongzhu was honored to welcome dozens of overseas clients from Europe, America, the Middle East, Africa, and Southeast Asia for visits or factory inspections, and warmly received hundreds of domestic clients. Through these diverse communication platforms, Zhongzhu not only narrowed the gap with its clients but also gradually gained their trust, ultimately becoming their loyal partners. These initiatives have undoubtedly laid a solid foundation for Zhongzhu's in-depth global market layout and continuous enhancement of brand influence. Zhongzhu New Materials 2025 Outlook In its 2025 outlook, Zhongzhu New Materials stated: In the new year, the company will face more opportunities and challenges. As a young and dynamic Zhongzhu, we are confident in facing future challenges. To maintain the company's steady development, we will further strengthen team building, improve employee quality, optimize management processes, and enhance work efficiency.At the same time, we must actively expand the market, increase the intensity of product R&D, and continuously innovate to meet the growing needs of customers. In 2025, Zhongzhu New Materials Industry will continue to increase personnel and financial investment in R&D and laboratory construction. We will also seek in-depth cooperation with renowned research institutes and universities across the country and around the world, continuously focusing on new product development and performance improvement of existing products. Looking back at 2024, Zhongzhu New Materials Industry, with innovation as its wing, demonstrated extraordinary strength in the vast blue ocean of new materials. Looking ahead to 2025, we are full of dreams, working together, and committed to writing a new chapter of glory led by technology. In this new year, the people of Zhongzhu will, as always, remain true to our original aspirations, work together, be brave in striving, and forge ahead, moving resolutely towards the goal of becoming a specialized company known for its technology and a respected national brand. Zhongzhu New Materials Industry (Jiangsu) Co., Ltd. Company Profile Zhongzhu New Materials Industry (Jiangsu) Co., Ltd. is located at No. 99 Yiqing Road, Dantu Economic and Technological Development Zone, Zhenjiang City, Jiangsu Province. The company was established in April 2011 with a registered capital of 80 million yuan. It is a professional R&D and producer of refractory materials, a national high-tech enterprise, and a national specialized, refined, unique, and innovative enterprise. Product Applications, Leading the Industry: As a professional company integrating R&D, production, sales, and on-site technical services for high-end unshaped refractory materials, Zhongzhu New Materials Industry currently has seven major categories and over 300 types of products, covering all application areas of high-end refractory materials in the casting and aluminum processing industries. High-precision aluminum alloy processing industry: such as aerospace aluminum semis, mobile phone and computer back panels, electronic aluminum foil, food aluminum foil, etc.; High-performance special steel and alloy smelting industry, such as those used in aircraft carriers, nuclear power, and special vehicles; Special components for automobiles and high-speed trains, such as turbocharger housings, engines, pistons, high-speed train wires, and other high-speed train components; Large-scale special transformer and collider non-crystalline material producers; NEV battery casings, battery foils, and large-scale integrated die-casting producers; Other high-demand and high-standard smelting industries, such as vacuum furnace refractory materials, etc. Precision Production, Quality First: The company has world-class modern production equipment and strict quality management based on the ISO9001:2015 quality assurance system. With global raw material procurement, over 30% of the raw materials are directly imported from Europe and America, ensuring that the quality and stability of the products are at the forefront of the industry, effectively guaranteeing the safety and efficiency of customers' use of refractory materials. Currently, the company has nearly 30,000 m² of modern and intelligent production workshops, equipped with nine world-class fully automatic unshaped refractory material production lines and a modern prefabricated parts production workshop, forming an annual production capacity of 60,000 mt of high-performance unshaped refractory materials and 3,000 mt of prefabricated parts. Seven major categories and over 300 types of products meet the different needs of customers, mainly serving the casting and aluminum processing industries. The company currently has more than 1,500 customers, spread across 29 provinces and cities in China, as well as 30 countries and regions in Europe, Southeast Asia, the Middle East, and Africa, providing safe, reliable, and high-performance refractory material solutions for the casting and metallurgical industries in China and around the world. Technology-Driven, Strong Partnerships: For many years, the company has continuously increased personnel and financial investment in R&D and laboratory construction, establishing a strong R&D and technical team. Annual R&D investment has been in the tens of millions, and the company currently has over 22% of scientific and technical personnel. It has set up an enterprise technology R&D center and engineering design center, equipped with professional and high-precision detection and analysis equipment, ensuring that the quality of purchased raw materials and the indicators of finished products fully meet design requirements, guaranteeing stable and safe use of products at customer sites. At the same time, the company has established long-term cooperative relationships with institutions such as the Shanghai Institute of Ceramics, Chinese Academy of Sciences, University of Science and Technology Beijing, Nanjing Tech University, and Xi'an University of Architecture and Technology. Many experts and professors from research institutions and professional colleges provide long-term technical support. Continuous R&D investment has kept Zhongzhu New Materials Industry's technological level at the forefront domestically, launching high-performance and highly competitive new products into the market every year, staying ahead of competitors, and maintaining leading technology and R&D reserves. The company currently holds over 50 patents. National Brand, Pursuit of Excellence: As a Chinese national enterprise, the company has experienced milestone-like rapid development over the past decade, creating one Zhongzhu speed after another. The "Zhongzhu" brand has gained widespread recognition in the market, becoming a strong competitor and leader among the top refractory material producers internationally and domestically. These achievements are inseparable from the high investment in R&D funds and the high importance placed on talent introduction and cultivation by Zhongzhu New Materials Industry. Zhongzhu New Materials Industry will continue to uphold the spirit of dedication, focus, and lean innovation, being down-to-earth, deeply engaged in business, and thoroughly addressing issues. Driven by innovation, it will continuously promote the transformation and upgrading of the casting and aluminum processing industries, striving to achieve a transition from high-speed growth to high-quality development. The people of Zhongzhu will adhere to their original aspirations, unite in hard work, and forge ahead, moving resolutely towards the goal of becoming a specialized company known for its technology and a respected national brand. Zhongzhu New Materials Industry sincerely welcomes customers and friends to visit the company in person, to experience the innovation, R&D, safety, and environmental protection of our smart factory. For more information on copper industry chain enterprises, please contact: SMM Contact: Mingkang Liu Phone: 15653090867 Email: liumingkang@smm.cn

Factors affecting the price of pig iron are numerous and complex, supply and demand, raw material costs, policy adjustments and exchange rate fluctuations all play a direct role in the market price. The price of pig iron products such as Fodular Cast Iron and Foundry Pig Iron is also deeply affected by these factors. Through the SMM website and other platforms, we can grasp the dynamics of the pig iron market in real-time, analyze the price trend, and provide strong support for investment decisions. In a volatile market environment, only by considering all factors can we more accurately grasp the direction of pig iron prices.