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  • Steel Industry Chain
Stainless Steel is the abbreviation of stainless acid-resistant steel, and the steel grades that are resistant to air, steam, water, and other weak corrosive media or have stainless properties are called stainless steel. The steel that is resistant to chemical corrosion is called acid-resistant steel.
With the rapid development of the iron and steel industry, the iron steel industry has gradually shown contradictions such as insufficient natural resources, excessive energy consumption per ton of output, and environmental pollution. As the second mining industry of the iron and steel industry, scrap steel resources have the advantages of saving energy, reducing pollution, protecting the environment, recycling, etc., and its influence will be increasing.
The iron and steel industry mainly includes the mining and production of ferrous metals such as iron, chromium, manganese, and other minerals. It is one of Taiwan’s most important raw material industries.
The steel industry chain can be slightly divided into upper, middle, and lower reaches, connecting a complete industrial value chain.
The World Steel Association predicts that after a slight decline in steel demand in 2020, steel demand in 2021 will increase by 5.8% to 1.87 billion metric tons. The rebound in demand from the automotive industry is the main factor driving the growth of the steel market.