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Despite the impact of several iterations of COVID-19 and manufacturing supply chain constraints, steel demand in developed economies continues to recover strongly in 2021, particularly in the EU and the US.
However, the outlook for steel demand in developed economies is expected to weaken in 2022 due to inflation and the conflict in Ukraine. The impact of the Conflict between Russia and Ukraine is particularly significant in the EU region because of its high dependence on Russian energy and the influx of refugees. Steel demand in developed economies is forecast to grow 1.1% in 2022 and 2.4% in 2023, following a 16.5% recovery in 2021.
Developing economies (excluding China)
Steel demand will grow at a low speed
Steel demand recovery in developing economies (excluding China) faces additional challenges as the impact of the COVID-19 pandemic continues and inflates, and many emerging economies enter a monetary tightening cycle as a result. Steel demand in developing economies (excluding China) grew 10.7 per cent in 2021 after falling 7.7 per cent in 2020, slightly higher than the WISA forecast. In 2022 and 2023, developing economies (excluding China) will continue to face the challenges brought by the deteriorating external environment, russia-Ukraine conflict, and tight monetary policy in the United States, etc. These challenges will lead to the low growth of steel demand in developing economies (excluding China) in these two years, which is expected to increase by 0.5% and 4.5% respectively.
Steel processing industry - Current status of the steel coil hydraulic slitting line
Growth in the construction, automotive and consumer steel coil hydraulic slitting line 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 steel coil hydraulic slitting line or want to seek our help. Send an email to firstname.lastname@example.org ，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 – the steel coil hydraulic slitting line 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 steel coil hydraulic slitting line 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 steel coil hydraulic slitting line 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.
Metal and Steel Processing Industry - Future planning of the steel coil hydraulic slitting line
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 steel coil hydraulic slitting line 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 steel coil hydraulic slitting line 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.
Leading manufacturer of metallic processing machines, the steel coil hydraulic slitting line 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 steel coil hydraulic slitting line or want to seek our help. Send an email to email@example.com ，please feel free to contact us.
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