• Showing results for
  • Steel Industry Chain
The iron and steel industry are an industrial industry mainly engaged in industrial production activities such as ferrous metal mineral mining and selection and ferrous metal smelting and processing. Including metal iron, chromium, manganese, and other minerals mining and dressing industry, ironmaking industry, steel processing industry, ferroalloy smelting industry, and other sub-sectors. It is one of the country's 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.