News

  • 0
  • 0

Global steel demand growth is expected to decline in 2022 will have an effect on the metal cut to length lines price

If you are looking for high-quality products, please feel free to contact us and send an inquiry, email: brad@ihpa.net



Global steel demand growth is expected to decline in 2022 will have an effect on the metal cut to length lines price

The World Iron and Steel Association recently released the latest version of the short-term steel demand forecast report (2022 ~2023). According to the report, global steel demand will continue to grow by 0.4 percent to 1.8402 billion tons in 2022, after growing by 2.7 percent in 2021. In 2023, global steel demand will continue to grow by 2.2 per cent to 1.881.4 billion tonnes. The WORLD Steel Association said the current forecast was highly uncertain in the context of the Conflict between Russia and Ukraine.

Commenting on the forecast, Maximo Vedoya, Chairman of THE MARKET Research Committee at WISA, said: "Steel demand recovery is stronger than expected in 2021 in many regions of the world, despite supply chain crises and multiple rounds of COVID-19. However, global steel demand growth will slow in 2021 as China's economy decelerates. There is still a high degree of uncertainty about steel demand changes in 2022 and 2023. Wisa's expectations for a sustained and steady recovery in steel demand have been shaken by the Russia-Ukraine conflict and global inflation."

Global steel demand growth is expected to decline in 2022

The impact of the Russia-Ukraine conflict varies by region, depending on each region's direct trade and financial exposure to Russia and Ukraine. The immediate impact of the conflict on Ukraine is devastating, as is the European Union due to its high dependence on Russian energy. In addition, the impact of the conflict between Russia and Ukraine has been felt around the world due to higher energy prices (especially for raw materials used in steel production), resulting in sustained supply chain disruptions in some regions, which had plagued the global steel industry even before the outbreak of the conflict.

Steel processing industry - Current status of the metal cut to length lines

Growth in the construction, automotive and consumer metal cut to length lines has played a big role in providing the needed boost to the global steel processing industry. The global steel processing industry is projected to grow at a CAGR of 6.86% between 2020 and 2026. Alloy steel is the fastest-growing segment of the global steel processing market and is suitable for all applications. If you have any questions about the metal cut to length lines or want to seek our help. Send an email to info@txmachinery.net ,please feel free to contact us.

Rising oil prices drive up the cost of steel limited will also have an impact on product name prices

Oil price rise undoubtedly drives freight costs to move up. According to the general law of steel freight, according to the approved load of 35 tons of heavy truck calculation, 100 kilometres of fuel consumption of about 40 litres, a diesel price increase of 1000 yuan/ton is equivalent to the diesel price increase of 0.83 yuan/litre or so, thus calculated, since 2022 diesel price increase will increase the transportation cost of 0.664 yuan/ton/km, If the average transportation distance is 400 kilometres, the increased transportation cost of raw materials and steel is about 7.57 yuan/ton. In addition, the ore relies on long seaborne shipping routes, and rising oil prices are undoubtedly a factor in pushing up the cost of purchasing iron ore. But all of the above for the overall cost of steel moving up is still not big, and from the current weak transportation market, transportation costs transferred to the final sales of steel strength needs time to observe.

Metal and Steel Processing Industry - Future planning of the metal cut to length lines

The steel processing market is a highly fragmented one due to the huge demand for environmentally friendly products and changing technologies. Large companies rely on regional and local distributors to increase their market share and geographic distribution. The company is pursuing inorganic growth strategies such as acquisitions to respond to the growing demand for steel processing in key emerging markets. These strategies have helped the company build a larger customer and partner base in key metal cut to length lines markets.

The application needs of steel processing are constantly changing and manufacturers must continue to invest in RESEARCH and development and come up with innovative solutions.

Steel deep processing is the only way for the development of the metal cut to length lines steel industry. Chinas steel production is in the stage of oversupply, structural contradictions are: advanced production capacity and backward production capacity coexist; The shortage of high-end products and the surplus of low-end products coexist; Industrial concentration is poor.

Metal and Steel Processing industry – the metal cut to length lines market demand

Market demand for steel processing is expected to grow by us $642.43 billion by 2020, with a CAGR of 2.16% from 2015 to 2020. Growth in the global construction, consumer electronics and automotive industries has played a huge role in providing the necessary momentum for the global steel processing industry after the economic slowdown of 2007-2009. In addition, the reduction of alternatives to steel has made steel an indispensable part of customers lives. The recovery of the global metal cut to length lines economy will also boost demand in the steel processing market.

The Asia-pacific region is expected to become the fastest-growing region in the steel processing market from 2015 to 2020. Major players in steel processing prefer agreements, contracts, joint venture and partnership strategies as well as expansion and investment to gain a larger share of the market. Leading metal cut to length lines providers of steel processed products and services are focusing on emerging countries that are expected to show potential for industrial development in the near future.

Leading manufacturer of metallic processing machines, the metal cut to length lines supplier

Foshan Te Xiang Machinery Co., Ltd is a China leading manufacturer of metallic processing machines, including slitting line, cut to length line, stainless steel polishing line, ERW tube mill line, roll forming machines, embossing line and etc.

Thanks to the experience acquired in many years of business in the field of sheet metal processing, and the continuous collaboration with downstream manufacturers that demand reliability and the maximum productivity, we have developed various types of cut to length line machines for special applications, with solutions at the forefront of technology, and able to reduce the production costs of the end product. TX CTL line can be incorporated with air cushioned, bomb-door type stackers, computer controlled high-precision 4 HI and 6 HI levellers, edge trimmer and etc.

According to the dimensions, thickness of the material, and production capacity, TX cut-to-length cutting lines can be divided into various types:

1)start-stop shear CTL line;

2)flying shear CTL line;

3)rotary shears CTL line ;

4)trapezoidal shear CTL line;

5)heavy gauge CTL line;

6)flat bar cut to length line

If you have any questions about the metal cut to length lines or want to seek our help. Send an email to info@txmachinery.net ,please feel free to contact us.

Inquiry us

  • tags

High Purity Iron powder Fe Powder CAS 7439-89-6, 99%

High Purity Tungsten Carbide WC Powder Cas 12070-12-1, 99%

High Purity Spherical Graphite C Powder CAS 7782-42-5, 99.9%

High Purity Copper Oxide CuO powder CAS 1317-38-0, 99.9%

High Purity Colloidal Gold Nano Gold Solution CAS 7440-57-5

How to determine the optimum dosage of concrete superplasticizer

Factors affecting the effect of concrete superplasticizer

Why should polycarboxylate superplasticizer be added to concrete

What Role Do Early Strength Agents Play?

What is the 3D Printing Metal Powder

What are Ni-Ti Alloys?

What are Commonly Used Milling Cutter Coatings?

What Is Graphite Lubricant?

The rising price of coke also has a certain impact on the price of the automatic cut to length line

How does Concrete Superplasticizer Change the Strength of Concrete?

Researchers Developed Graphene-based Foam Composites For Efficient Water Filtration

What is Manganese Dioxide MnO2 Used For?

What is Boron Carbide Used For?

What are Molecular Sieves Used For?

What is Nano Silica Used For?

Our Latest News

Application Fields of 316L Stainless Steel Powder

Stainless Steel Powder 316L - Application Fields 316L stainless steel Powder This metal powder is used widely in many fields because of its outstanding corrosion resistance. Here is a detailed guide to using 316L stainless-steel powder in variou…

Application Fields of Nickel Based Alloys

Nickel Based Alloys - Application Fields Nickel-based alloy Based on nickel, it is made up of various alloying materials. It has excellent mechanical properties, high-temperature resistance and corrosion resistance. It's used in aviation and aer…

The role of molybdenum in the new energy industry

Molybdenum's role in the New Energy Industry I. Introduction As a result of the recent changes in the global energy market, the energy sector is growing rapidly. The future energy market will include solar energy, biomass, wind, water, and geothermal…