Iron and steel industry

[hhm1020]

Iron and steel industry, equities Investment Outlook In today's world steel industry can well be called the backbone of the economy, given its different uses, it is construction, transportation, electronics, food packaging, in its composition, steel is an alloy of iron and carbon containing less than in 2% carbon and 1% manganese and small amounts of silicon, phosphorus, sulfur and oxygen. Steel products are divided into four categories: flat steel products, long steel products, scrap and semi-finished products. Flat steel outdoor deck stair designs products including plate, hot-rolled strip and sheet, cold-rolled strip and sheet. Long steel products are wire rod, beams, reinforcing bars.

According to these two types of products from steel billets, are classified as unfinished or semi-finished products, are generally not sold. Iron and steel industry is often an indicator of economic progress, infrastructure and overall economic development in a key role. The global steel industry is a big one. According to the World Steel Association, world crude steel production reached a record 1.527 billion tons in 2011. However, despite its size, the steel industry is still relatively fragmented. The industry is highly cyclical competition is very fierce. , Sneak peek into the main consumer markets in history, more than half of WPC Material Supplier,WPC Material Wholesale,WPC Outdoor Decking,PV... the automotive and construction markets largest consumer of steel, the total consumption of steel production.

Big car manufacturers cater to, such as General Motors Corporation (GM), Ford Motor Company (F), Toyota Motor Corporation (TM) and Honda Motor Co. (HMC) houses, buildings, skyscrapers and bridges rely on steel for their own strength. Other steel-consuming industries, including home appliances, tools, converter, container, energy, electrical equipment and industrial machinery. In the past few years, China has become a major consumer of steel. About consumption, followed by the United States and Japan, India and South Korea. Performance so far enjoyed a substantial growth in the past decade after most of the steel industry Concealed Deck Fasteners suffered a setback in 2008 due to the recession, consumer use of the existing stock rather than buying new stock. However, the industry appears at the end of 2009, a turning point, and continued growth in 2010 and 2011, as the global economic recovery, a significant increase over last year in the industry, despite the wide range of negative factors, including the ongoing eurozone sovereign debt crisis in Asia, especially China, continue to be the main driver of economic growth.

[GalenWaldenu]

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