Steel processing industry - Current status of the used slitting line
Growth in the construction, automotive and consumer used 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.
The trend of long-term depreciation of the us dollar also affects the steel used slitting line
So far, USD is still the most important settlement currency and pricing unit in international trade, as well as the most important settlement currency and pricing unit in the international market of steel and black series commodities. It has a close relationship with the cost and supply and demand relationship of Chinese steel. Therefore, pay attention to the dollar exchange rate trend, for the correct judgment of steel market, has important significance.
Because us dollar is the most important reserve currency, international trade currency and valuation currency, it has a huge demand. Because of this, the US government has been able to print money for a long time, collecting the so-called "wealth of all countries for free". The huge demand is the basis for the relatively strong value of the DOLLAR.
In recent years, due to changes in geopolitical relations, many international traders, including Russia, Middle East countries, China and other major oil and gas trading countries, have begun to bypass the US dollar in the trade of important commodities such as energy, food and decoupling from the US dollar, which will be followed by a corresponding reduction in the use of US dollars. On the other hand, with the increasing economic sanctions imposed by the United States on other countries, the dollar is increasingly "weaponized"; Add in unlimited money printing by the Federal Reserve; In particular, the arbitrary freezing and confiscation of private US dollars and US dollar assets by looking for excuses has caused governments and individuals around the world to question the reliability of the US dollar and start to consciously reduce us dollar holdings and reserves. According to data released by Morgan Stanley, the proportion of foreign exchange reserves actively allocated to DOLLAR-denominated assets dropped from 65% in 2015 to 59% in 2020, down by about 6 percentage points. China's foreign exchange reserves have dropped from a previous high of $4 trillion to $3.1 trillion at the end of April 2022. Data released by the US Treasury Department also showed that in March this year, the US Government debt was reduced by Japan and China, two major bond countries. By the end of March, Japan's outstanding holdings of U.S. Treasuries were $1.2324 trillion, down $73.9 billion from February. That was the biggest reduction among major foreign holders of TREASURIES. Meanwhile, China's outstanding holdings of US Treasuries fell to $1.039tn, down $15.2bn from February, the fourth straight month of decline and the lowest since June 2010.
The decline in the dollar's share of global foreign exchange reserves is expected to accelerate after Russia announced that unfriendly countries would buy Russian oil, gas, coal and grain to be settled in rubles. Because these two terms are going down, the demand for dollars is going to decrease significantly in the future.
Metal and Steel Processing industry – the used 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 used 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 used 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 used 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 used 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 used 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 used slitting line supplier
Foshan Te Xiang Machinery Co., Ltd ( www.txmachinery.net ) 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
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