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Global Steel Prices Surge Amid Supply Constraints and Rising Demand

Release time:

2025-02-14

Global steel prices have climbed by 15% year-to-date, driven by tightened supply and robust demand from construction and manufacturing sectors. Key producers, including China and India, face production cuts due to stricter carbon emission policies and raw material shortages. Meanwhile, post-pandemic infrastructure projects in the U.S. and EU continue to fuel consumption.

Industry analysts highlight that rising energy costs and logistics disruptions further strain supply chains. Major steelmakers are accelerating green steel initiatives, investing in hydrogen-based technologies to meet decarbonization targets. The World Steel Association forecasts a 3.2% demand growth in 2024, though market volatility may persist.

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Global Steel Prices Surge Amid Supply Constraints and Rising Demand

What is the function of angle steel

Angle steel is used to construct floor structure brackets and supporting materials. It has strong load-bearing capacity and good durability, and can meet the requirements of building structure for strength and stability. In addition, it can also be used to fix doors and windows, strengthen the connection of the frame and support the installation of plugs.

What are the advantages of C-section steel?

C-section steel is widely used in the steel structure of purlins and wall beams, and can also be combined into light roof trusses, supports and other building components. It can also be used for columns, beams, arms, etc. in the mechanical light industry manufacturing industry. C-section steel is cold-formed from hot-rolled steel plate. It has the characteristics of thin wall, light weight, excellent section performance and high strength. Compared with traditional channel steel, the same strength can save 30% of material.

The difference between steel coil and steel strip

Although both steel coils and steel strips are steel products, they have different forms and applications. Steel coils are mostly in the form of rolls, which are more suitable for industrial applications that require large amounts of continuous materials; while steel strips are narrow and long, which are more suitable for specific applications that require precise dimensions and high surface quality.

Is the galvanized coil resistant to high temperature?

The melting point of zinc is 419.5 ° C, and the chemical properties are vivid. In the air at room temperature, a thin and dense basic zinc carbonate film is formed on the surface, which can prevent further oxidation. When the temperature reaches 225 ° C, the zinc oxidizes violently, showing white zinc oxide. After high temperature barbecue, the anti-corrosion layer material on the surface of the galvanized sheet is oxidized, so the galvanized sheet cannot withstand high temperature, and the surface will change color when heated, or other substances with protective appearance will easily turn yellow after oxidation.

How to judge the quality of color coated rolls

For the current construction market, there are many new types of building materials, but the diversity of color coated rolls has gradually made it a popular choice. What is important is that it can meet people's needs in all aspects. As people's requirements for building materials are getting higher and higher, people should pay attention to quality issues when purchasing building materials, so how to judge the quality of building materials is very important.

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Shandong Hengweida Steel Co., Ltd.
Sales Office Add：Building 11, Huajian Business Office Building, Dongchangfu District, Liaocheng City, Shandong Province, 508
Manufacturing Base：Dongchangfu District, Liaocheng City, Shandong Province
Sales Division
Ella Chen
Phone/WhatsApp: 8616262196789
Lily
Phone/WhatsApp: 8613562008610
Carter Zheng
Phone/WhatsApp: 8613181091520
E-Mail: steel001@hwdmetal.com

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steel001@hwdmetal.com

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