Challenges Facing the Global Galvanised Steel Market The global steel market faces multiple challenges, with price volatility in raw materials being a significant issue. Essential commodities like iron ore, steel, and zinc are responsible for the production of galvanised steel, and due to these raw materials, the galvanised steel price is affected, which makes it…
The galvanised steel market is experiencing promising global growth, with its value increasing from USD 98.80 billion in 2023 and reaching an anticipated USD 166.09 billion by 2032 at a CAGR of 5.9%. A layer of zinc coats the galvanised steel, preventing it from corrosion and making it essential in various applications. The galvanising process…
Overview of Metals Scrap is basically material that is left after certain processing is done. Apart from this, the scrap products include highly demanded materials in terms of building and maintained areas. The scrap materials like steel and metals can be recycled and get benefits. Scrap the products, which are generally included like parts of…
For industrialization the use of metal is one of the major factor. Historically, the steel metal is one of the most valuable metal in the steel industry. For nation economic growth steel metal production and consumption are commonly used as indicators. Mainly the three groups comprise the Indian steel industry which are major producers, secondary…
Alloy steel comprises different elements like silicon, chromium, molybdenum, nickel, aluminum, etc. These elements make alloy steel stronger, tougher, and harder, and the alloy steel price in India is volatile as per their type, which we will discuss further in this blog. What are the different types of alloy steel? There are different types of…
The scrap price in the steel industry holds a crucial position in determining the overall dynamics of the market. The scrap metals, including iron and steel, create a significant part of the raw material supply chain while producing new steel. With the increase in industrial activities and infrastructure development, India is one of the largest…
The hot rolled steel coil price in India is expected to grow steadily for the projected period. The HR coil is a type of steel widely used in pipe-making, machinery, construction, and other consumer sectors. The HR steel price is low in comparison to CR steel, which is mostly used by large-scale companies for the…
In the realm of industrial materials, understanding the pricing and availability of specific grades is crucial for businesses and manufacturers like EN8, which is a widely used steel grade that is famous for its versatility and durability and holds a significant place in various sectors across India. Their applications are diverse and demand-driven. So, to…
According to professional’s prediction a substantial increase in supply for 2024, which is fueled by heightened production in china and Indonesia, which will lead to overall down trend in Nickel prices. China’s expanding domestic refining capacity, the nickel market is preparing to establish a new equilibrium, ensuring a balance between supply and evolving demand. Overview…
In the past few years, the steel and ingot market has grown steadily due to high demand in the construction, infrastructure, and automobile industries. For information, the estimated total size of the ingot industry was around 21 billion in 2018, growing from 13 billion recorded back in 2015, which recorded an impressive CAGR of 15%….