Price fluctuations in the global steel market: Steel prices are affected by global economic conditions, supply chain issues, energy price fluctuations, and changes in demand. In 2024, as the global economy gradually recovers, especially with the growth in steel demand in China and India, steel prices will rebound to a certain extent. As the world's largest steel producer and consumer, China's policy changes have a huge impact on the global market.
Green steel production: As environmental pressure increases, the steel industry is exploring more environmentally friendly production methods. Many steel mills are promoting "green steel" projects, trying to use hydrogen and other alternatives to traditional high-pollution production methods (such as blast furnaces). For example, several steel mills in Europe and North America are experimenting with carbon capture and storage technology, and this green transformation is expected to become a major trend in the steel industry in the future.
Digitalization and automation in the steel industry: In the steel production process, digital transformation and automation have gradually become key technologies for improving production efficiency, reducing costs, and improving product quality. Many steel companies are using technologies such as artificial intelligence, the Internet of Things (IoT), and big data analysis to optimize production processes, thereby improving the flexibility and responsiveness of the supply chain.
Trade protectionism and tariffs: Due to global overproduction of steel and trade frictions, some countries have adopted high tariffs or trade restrictions on imported steel. For example, the United States imposes high tariffs on steel from certain countries, and Europe has taken similar measures to protect its steel industry from the impact of cheap imported steel.
