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Apprehensions about a steel shortage in China are unfounded and the recent price increases have largely been a result of short-term market-related factors, experts said. “There is no shortage of supplies. The price surge is not an exact reflection of the current supply and demand situation,” said Wang Jing, an analyst with the Lange Steel Information Research Center. On Monday, steel product prices, tracked by the center, rose by 6,510 yuan ($1,013) per metric ton on average, an intraday increase of 6.9 percent. That was higher than the historic high seen in 2008, said experts. Prices of Grade-3 rebar rose by 389 yuan per ton, while hot-rolled coil prices rose by 369 yuan per ton. The main futures for iron ore, hot-rolled roil and rebar all rose to their daily limit. Share prices of key steel enterprises have also soared in recent days, even as market analysts issued warnings about abnormal price fluctuations. Shenzhen-listed Beijing Shougang Co Ltd said in a statement on Monday that the company’s operations, internal conditions, and external business environment have not seen any major changes recently. The company said its revenue for the first three months of the year rose to 29.27 billion yuan, up…
Since the second half of 2020, affected by multiple factors, bearing raw materials have increased significantly. At the end of the year, the price of bearing steel has increased by nearly 30%. Bearing steel has a net increase of 1300 yuan per ton, while bearing steel pipe has a net increase of 2800 yuan per ton. By the end of January 2021, bearing steel has increased by another 300 yuan per ton, with an increase of 35.6%. Coupled with the impact of the rising prices of various raw materials, the prices of related transportation, packaging and other related materials have increased. The prices of bearing steel, cage steel plate, copper, zinc and other raw materials for bearing have been soaring, which has caused great difficulties to the production and operation of bearing enterprises.Affected by the size and structure complexity of bearings, the direct cost of bearing materials generally accounts for about 50% – 70% of the total cost. Therefore, the direct cost of bearing caused by price increase is about 18% – 24%, which does not include the rise of auxiliary materials such as lubrication, packaging and transportation. Rising raw material prices: The following is the price increase notice of…
These News About Bearing Industry You Must Know in 2021
The number of electric and hybrid cars on the road is on the rise leading to innovation in the bearings used on the production line. Nobody could have predicted the huge number of electric and hybrid cars on the road worldwide today.
The PTC (Power Transmission and Control) Asia is an international trade fair for power transmission and control, which takes place once a year in Shanghai. Since its foundation in 1991 it has established itself as the most important trading platform of the industry and for many international companies it is the basis for their entry into the Chinese market expecting enormous growth rates during the coming years. The exhibition is divided into the areas of fluid technology, mechanical transmission (MTPE), fasteners & springs and bearings. The second edition of the International BearingEXPO & Conference in Shanghai will be held this year during the PTC ASIA show between 23 – 26 October 2019. After the successful introduction in 2018, the concept will be enlarged with the BearingEXPO Pavilion and B2B meetings, designed for the International bearing manufacturers, distributors, end-users and solution providers. For more details please direct to PTC official website. At 2nd China International Import Expo, 3 top bearing companies including SKF,TIMKEN,NKE listed in the panel of approved suppliers of China Energy. The second China International Import Expo (CIIE) concluded Sunday, with 71.13 billion U.S. dollars worth of tentative deals reached for one-year purchases of goods and services. The amount rose…
NSK has developed a new ultra-high-speed bearing ideal for electric vehicles, including battery electric, hybrid, and other new energy vehicles. The new bearing enables electric motors to operate at higher speeds, improving fuel economy (reducing power consumption per unit distance), increasing maximum vehicle range, and contributing to enhanced user comfort. NSK is targeting 10 billion yen in sales by 2030. 1. Development Background Protecting the environment is vital to the continued prosperity of societies around the world. To enhance sustainability, the automotive industry is rapidly expanding the development and production of electric vehicles, hybrids, and other new energy vehicles. However, maximum range on a single charge remains a concern for consumers, and there is significant demand for larger capacity battery packs and/or improved efficiency to allow for greater flexibility and peace of mind when purchasing battery EV and other new energy vehicles. In light of these needs, automakers are pursuing smaller and lighter automotive components, and developing faster, higher output motors operating at higher efficiencies. Accordingly, bearings used in powertrains, especially in electric motors, are being subjected to increasingly higher speeds and performance demands. Bearing rotation during high speed operation can cause grease deterioration due to high temperatures, resulting in…
Gearboxes are used in a very wide range of industrial fields. Thanks to the use of gearboxes, a small rotation force (torque) can be used to produce a much greater rotation force, and a slow rate of revolution can be speeded up. In many industries, the gearbox, which is the equipment that transmits mechanical power, is an essential piece of equipment. This step-up unit is the: heart of a wind turbine transmission in an automobile the reduction gears in a Ferris wheel By supplying bearings for gearboxes such as these in support of their most important function: “revolving,” we believe that it can even be said to be supporting the world. However, because there are many instances where the breakdown of a gearbox would have serious implications, extremely high reliability is demanded. Naturally, we seek to ensure that its designs closely match customer needs, and the company is always aiming to enhance product quality. We supply bearings that offer long life to reduce equipment maintenance costs, can handle high load capacities, and are extremely reliable. We will continue to pool our comprehensive strengths. With environmental issues firmly in its sights, our company will continue product development efforts so that it…
HVAC: is abbreviation of Heating, Ventilating, Air-Conditioning，mean the unit mounted under the instrument panel with heating, ventilating, and air conditioning functions. Including air intake unit, air blast unit, air purification unit, heating unit, refrigeration unit, distribution unit, and blower assembly, heater core, evaporator core, mixed damper, model damper, compressor. Today our main topic is to learn something about air-conditioner compressor of HVAC. Much like a heart in a human body, the compressor circulates the system’s lifeblood, in this case the refrigerant, that is vital to the proper operation of the air conditioning (A/C) system. The biggest three air-conditioner compressor suppliers all over the world are Denso, Sanden, Hanon Compressor is the core component of automobile air conditioner, which has a very high global market concentration and occupies 84% of the top five markets.South Korean companies have long pursued a strategy of large-scale investment and manufacturing economies of scale, and HANON expects its market share to reach 18% by 2020.Currently, HANON has a capacity of 13 million compressors, including 3.2 million compressors in Europe, 6.3 million compressors in South Korea and 3.5 million compressors in China.In the future,they will expand production capacity in China market, which is expected to reach 5…