Steel wire rope

Report suggests steel industry is in decline

  • 23 Nov 2015

  • Share

Recent reports from over the world have indicated a significant decline in demand within the steel industry – with many having stopped using the material entirely.

Business Insider believes this will have a major impact on workers within the industry – with many attributing the decline to the growing debt problem which has plagued the Chinese steel industry in recent years.

As per Macquarie: “The whole sector is struggling and no one can be insulated. 

The sector is facing increasing pressure on funding as banks have been tightening lending to the sector – both loans and the financing provided for steel and raw material stockpiles.”

Unless the volume of steel production decreases, or a demand for steel increases, the industry looks to be in trouble.

Steel Wire Rope Industry Trends (2009 – 2019)

Prof Market Research, a high-end market research and consulting firm, recent carried out a professional and thorough market survey on the global and Chinese steel wire industry from 2009 to 2019.

The report reviews the basic information of steel wire rope, from its classification and application to its manufacturing technology.

It then explores the leading global and Chinese steel wire rope manufacturers. The report details: Product specification, capacity, production value, cost-efficiency, gross margin and market share.

The report later examines the upstream raw materials, downstream market and the current market dynamics of the steel wire rope industry.

The report concludes by making proposals and feasibility analysis for a new project of the steel wire rope industry, providing a complete insight of the Chinese steel wire rope industry from 2009-2014.

Read the report in full here

Article by Rope Services Direct

Leave a Reply

More articles

Lifestyle Flooring

Engineered Wood Flooring Vs Hardwood Flooring - Lifestyle Flooring investigate

Lifestyle Flooring have taken a look at the essential difference between engineered wood flooring and hardwood flooring, with the intention of it helping people make informed decisions.

Posted in Articles, Building Industry News, Building Products & Structures, Floors, Posts, Research & Materials Testing, Timber Buildings and Timber Products, Wooden products

  • Share
Screen Shot 2019-01-17 at 14.23.11

Aggregate Industries adds natural curb appeal to £5m visitor centre

Aggregate Industries was recently chosen to supply its SuperColour Ultra asphalt solutions to a new visitor centre in Nottinghamshire.

Posted in Articles, Building Industry News, Building Products & Structures, Civil Engineering, Hard Landscaping & Walkways, Landscaping, Posts

  • Share
REHAU

New marketing director appointed at REHAU

Claire Miller has been announced as a new Marketing Director for the windows division at global polymer solutions provider REHAU.

Posted in Articles, Building Industry News, Building Products & Structures, Posts, Recruitment, Windows

  • Share
Futurebuild

Futurebuild 2019 - launchpad of an exciting new venture

Closer collaboration between RCM, SPSenvirowall and SPS Facades will see the sister companies jointly exhibiting at Futurebuild 2019.

Posted in Articles, Building Industry Events, Building Industry News, Building Products & Structures, Cladding, Exhibitions and Conferences, Facades, Posts, Walls

  • Share