Mar-26-2024
The steel industry is actively promoting the concept of reaching carbon peak, signifying a pivotal point where carbon emissions begin to decline, crucial for combating climate change and fostering sustainable development. Achieving this milestone necessit
Mar-26-2024
In the steel industry, energy saving has emerged as a critical method to reduce costs. Rising energy prices and escalating environmental standards have placed mounting cost pressures on steel production enterprises. Therefore, implementing energy-saving m
Mar-26-2024
Chinese steel companies are accelerating their green and low-carbon transformation to address environmental challenges and promote sustainable development. This transformation is crucial as the steel industry plays a significant role in energy consumption
Feb-20-2024
When weak demand persists in the steel industry, it can result in a second decline in steel prices. Weak demand indicates reduced buying activity from industries and sectors that rely on steel, such as construction, automotive, and manufacturing.With decr
Feb-01-2024
The concept of a "rising channel" in the steel industry typically refers to a pattern or trend where prices and market conditions exhibit an upward trajectory over a certain period. Although it is important to note that future market trends are
Feb-01-2024
When the steel industry experiences strong supply and weak demand, it typically results in challenging market conditions. This situation can lead to various impacts on the industry as a whole.With strong supply, there is an excess of steel available in th
Feb-01-2024
The off-season effect in the steel industry refers to a period characterized by reduced demand and lower production levels compared to peak seasons. This phenomenon can occur due to various factors, such as seasonal fluctuations in construction activity,
Feb-01-2024
The downward drive of steel raw material costs refers to a situation where the prices of key inputs used in steel production, such as iron ore and coking coal, are experiencing a noticeable decline. This can be influenced by various factors including glob
Feb-01-2024
Competition in the steel industry is indeed fierce due to several factors. First, there are numerous steel producers globally, resulting in a crowded market. These producers often compete on price, quality, and delivery times to secure customers and contr
Dec-27-2023
The decline in total steel consumption in China is considered by many as an inevitable trend. Several factors contribute to this expected decline.Firstly, China's economic growth has entered a new phase characterized by a moderation in industriali
Dec-27-2023
Falling steel prices are indeed a global phenomenon, affecting steel markets across different countries and regions. Several factors contribute to this trend on a global scale.Firstly, weakened demand in key steel-consuming sectors such as construction, a
Dec-21-2023
China's steel production is well positioned to meet domestic demand in the long term. Several factors support this outlook.Firstly, China has a strong and growing economy that drives significant demand for steel across various sectors such as cons
Dec-21-2023
China's steel market has demonstrated strong resilience in recent years. Despite various challenges, the market has shown the ability to adapt and rebound, highlighting its robustness.One factor contributing to the market's resilience is C
Dec-20-2023
China's steel industry is entering a new stage of development, characterized by restructuring, upgrades, and shifts in focus. Several factors contribute to this transition.Firstly, the industry is moving towards a more sustainable and environmenta
Nov-16-2023
Turkish steel demand is projected to experience a significant year-on-year growth of 19.0% in 2023. There are several factors contributing to this expected surge in steel demand.Firstly, Turkey has a strong construction sector, which is a major consumer o
Nov-16-2023
Steel demand in the ASEAN region is projected to grow by 3.8% year-on-year in 2023. Several factors contribute to this expected growth.Firstly, the ASEAN region is experiencing rapid urbanization and industrialization, leading to increased infrastructure
Nov-14-2023
Steel demand in developed economies is expected to rebound and grow by 2.8% year-on-year in 2024. Several factors contribute to this anticipated growth.Firstly, as the global economy recovers from the impacts of the COVID-19 pandemic, developed economies
Nov-14-2023
Steel demand in developed economies is projected to decline by 1.8% year-on-year in 2023. This downward trend can be attributed to several factors affecting the steel industry in these economies.Firstly, the ongoing effects of the COVID-19 pandemic, inclu
Nov-14-2023
China's steel demand is expected to grow by 2.0% year-on-year in 2023. This growth projection reflects various factors influencing the country's steel industry.Firstly, China continues to invest heavily in infrastructure development, inclu
Oct-16-2023
Steel exports can be influenced by various factors such as global demand, economic conditions, trade policies, and production capacities of steel-producing countries.However, historically, steel exports have been significant for many countries due to thei
Oct-16-2023
Countervailing investigations are tools used by governments to determine if imported goods are being subsidized and causing harm to domestic industries.If the EU were to initiate such an investigation into Chinese steel, it would involve examining whether
Sep-01-2023
Short-term steel prices are expected to remain volatile due to various factors influencing the global steel market. Several key factors contribute to this volatility:1. Economic Conditions: Fluctuations in global economic growth and industrial activity ca
Sep-01-2023
From January to July, the main steel industry in China experienced overall stable operation. During this period, the industry maintained steady production levels and market performance.Several factors contributed to this stability. Firstly, government pol
Aug-18-2023
The steel industry is undergoing a significant transformation as it adapts to sustainable practices, driving environmental progress. With growing concerns about climate change and resource conservation, steel manufacturers are increasingly prioritizing su
Aug-18-2023
Global steel demand is experiencing a significant surge as infrastructure projects drive growth across the world. Governments and private sectors are investing heavily in infrastructure development, leading to increased consumption of steel.Major construc
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