The hottest global steel industry will usher in re

The global steel industry will usher in recovery this year

the thin aquapro 37 formula of the global steel industry can provide a standard thickness from 0.50mm to 1.0mm. It is expected to achieve recovery this year, because the rebound in steel production growth in Europe and the rest of the world will offset the impact of China's growth slowdown

according to a survey of 15 steel industry analysts by the financial times, world steel production will increase by 3.6% in 2014, of which European steel production will finally rebound after bottoming last year

after six years of continuous decline, European steel production will achieve a year-on-year growth of 2.4% for the first time, which will partially offset the impact of China's growth slowdown. China, the world's largest steel producer, is pushing its economic growth model from investment driven to service driven

the above survey of 15 top steel analysts shows that China's steel production is expected to increase by only 4% year-on-year, down from about 6% in 2013

Matthew De Morgan, CEO of duferco, the world's largest steel trading company, said: in terms of output, the steel industry has hit the bottom and rebounded, and will usher in a more prosperous 2014, but the price outlook is not particularly bright

the survey results support the prediction of the world steel association that China's steel production growth will fall behind other countries for the first time since 2006

the world iron and Steel Association predicts that world steel production, including China, will increase by 3.5% year-on-year, exceeding China's 3% year-on-year growth rate. Last year, global steel production increased by 3.1%

John Lichtenstein, head of global metals business at Accenture, a consulting firm, said: this situation is likely to continue for some time. China is turning to a service and consumer driven economic growth model, while the economies of other emerging economies are non-toxic, heat and cold resistant, and aging resistant, with strong growth

Brian levith of British Metal Bulletin Research (MBR) said that in the next few years, the growth of new steel production capacity is expected to mainly come from India, the Gulf region, Latin America and the former Soviet Union

the rebound in European steel production will boost corporate profits, especially for European based steelmakers such as ArcelorMittal and ThyssenKrupp. The weak demand for steel in European manufacturing and automobile industry has impacted European steel manufacturers in recent years

in recent months, steel enterprises have become more optimistic about the prospects. In November last year, Lakshmi Mittal, CEO of ArcelorMittal, said that the company's two-year downturn had bottomed out. Tata Steel also reported that 2. The sensor saw some improvement

however, top steel industry analysts warned that there are still some problems that cannot be ignored in the steel industry, which will continue to drag down the profitability of steel enterprises and hinder the full recovery of the steel industry

although analysts predict that steel production will usher in a stronger recovery, their predictions are still far from the days of rapid global growth before the financial crisis