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And the competition in the foreign trade market has become increasingly fierce
In recent years, the global economy has continued to develop, and the competition in the foreign trade market has become increasingly fierce. As one of the important foreign trade products, the demand for steel has maintained a strong trend, especially in the fields of construction, automobiles, ...Read more -
In recent years, with the increasing population and urbanization, the demand for steel in construction, transportation, energy and other fields is also growing rapidly
In recent years, with the increasing population and urbanization, the demand for steel in construction, transportation, energy and other fields is also growing rapidly. In order to meet the market demand, the major steel enterprises continue to increase production efforts, improve production effi...Read more -
Precise docking needs focus on safety and reliability
Tin plated steel sheet and Wuxi chrome plated steel sheet (hereinafter referred to as tinplate if there is no special distinction) are typical container steels. In 2021, the global demand for tinplate will be about 16.41 million tons (metric units are used in the text). Due to thinning and compet...Read more -
Lange research: Current steel market highlights, confidence and pressure
The latest statistics show that there are three bright spots in the current Chinese steel market, with great resilience in consumer demand. Although the weak real estate data in October dragged down the overall investment growth rate, due to the existence and effect of some supporting factors, it...Read more -
Global “steel demand” will increase slightly to 1,814.7 million tons in 2023
On October 19, the World Steel Association (WSA) released its latest short-term (2022-2023) steel demand forecast report. Global steel demand will fall 2.3% to 1.7967 billion tons in 2022, following a 2.8% increase in 2021, the report showed. Will edge up 1.0% to 1,814.7 million tons in 2023. The...Read more -
Lange report: “supply and demand double weak” steel price downward pressure is larger
From August onwards, steel production began to pick up speed as profits continued to repair and steel mills became more active. In early September, the crude steel production has been “turned positive” year on year. However, after entering October, the crude steel production has decli...Read more -
The steel industry in Bangladesh is developing steadily
Despite the extreme economic volatility of the past three years, Bangladesh’s steel industry has continued to grow. Bangladesh was already the third largest destination for U.S. scrap exports in 2022. In the first five months of 2022, the United States exported 667,200 tons of scrap steel t...Read more -
With the biggest global monetary tightening in 50 years, the World Bank expects a recession to be inevitable
The World Bank said in a new report that the global economy could face a recession next year caused by a wave of aggressive tightening policies, but it may still not be enough to curb inflation. Global policy makers are withdrawing monetary and fiscal stimulus at a pace not seen in half a century...Read more -
The Steel story closes the energy gap in sub-Saharan Africa
Expanding access to electricity in sub-Saharan Africa is a huge engineering task that will require significant investment and a rethink of what energy supplies mean. From low Earth orbit on a long, dark night, large areas of the Earth’s surface shine with the imprint of industry. Almost eve...Read more -
August welcomed the “red” steel prices rose 100 a day
August 1, steel ushered in a “good start” market. One rebar spot price rose more than 100 yuan, back to 4200 yuan above the mark, is the biggest one-day rise since the middle of July. Rebar futures prices also hit 4100 points today. According to Lange Iron and Steel cloud business pla...Read more -
The Fed’s 75 basis point increase is the most aggressive tightening since the 1980s
The Federal Open Market Committee (FOMC) raised its benchmark interest rate by 75 basis points to a range of 2.25% to 2.50% on Wednesday, in line with market expectations, bringing the cumulative increase in June and July to 150 basis points, the largest since Paul Volcker took the helm of the Fe...Read more -
What will happen to China’s steel market under global inflation?
The current global inflation is high, and it is difficult to end in a short time, which will be the biggest external environment facing China’s steel market in the future. While severe inflation will dent global steel demand, it will also create significant opportunities for the Chinese ste...Read more
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