India's steel demand is likely to face a sharp decline of 18 per cent in 2020, while global steel demand is expected to contract 6.4 percent to 1.654 million tonnes (MT) due to the CoVID-19 crisis, as per industry body World Steel Association (worldsteep.According to official fioures. India consumed over 100 MT steel durino 2019. "In 2020. worldsteel forecasts that steel demand will contract by 6.4 per cent. dropping to 1.654 MT due to the COVID-19 crisis." the worldsteel said in its latest Short Ranoe Qutlook (SRO) a publication on steel demand scenarioSteel demand in developed economies is expected to decline by 17.1 per cent in 2020. Although the downturn is led by consumer and service sectors, massive dislocations in spending, labor markets, and confidence are fuelling declines in steel-using sectors, the global body said. "While. the steel demand in the developing economies excluding China is expected to fall by 11.6 per cent in 2020. India is likely to face an 18 per cent decline in steel demand in 2020, which will rebound by 15 per cent in 2021." it added.In India. it said, the government implemented the most stringent nationwide lockdown measures in the worlo brinaing industrial operations to a standstill. Construction activity was halted entirely at the end of March, and recovery is expected to remain subdued due to the slow migration of laborers. Further. supply chain disruptions coupled with slower demand recovery will hit the steel-usina industries like the automotive and machinery sectors.On demand recovery worldsteel said alohal steel demand is expected to recover by 3 8 ner cent to 1 717 MT in 2021. The reduction in alobal steel demand will be mitioated by an expected faster recovery in China than in the rest of the world. In India, the government's support to rural income, as well as expected consumption related to the upcoming festive season will help in substantial recovery of demand for consumntion-driven.manufacturing goods in the second half, it saicSupported by the government stimulus, recovery in construction will be led by infrastructure investment such as railways. The demand in India will rebound by 15 per cent in 2021, it said.
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Company Profile
Cangzhou Steel Pipe Group (CSPG)Co.,Ltd.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.
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We are building more and more offices in our client country, not for competing with our clients, just to serve clients better, whenever there is any problem, we will come and see in the first moment!
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FAQ
Q1. What is the minimum order quantity (MOQ)?
A:Normally, the MOQ for one coil 1 ton.
Q2. What is the payment method?
A:For new customers: 30%T/T deposit 70%T/T Before shipment. – For partners and distributors, 30%T/T deposit 70% T/T Against B/L Copy. For strategic partner, we can accept 30days LC.
Q3.What is the acceptable currency?
A:We accept USD, EUR and RMB.
Q4. What is the delivery time?
A:5-10 days in advance depending on the stock status.
Q5. Where is the loading port?
A:Normally, our loading ports are Tianjin, and Shandong. Or client can assign any port in China.
Q6. What is the delivery term?
A:Normally, our loading ports are Tianjin, and Shandong. Or client can assign any port in China.
Q7. Do you offer free samples?
A:Yes, based on our stock status, we will send our customer free samples. The express fee is to be paid by our customers.