12/23/2023 0 Comments Steel orbis news![]() In the global steel market, there are multiple tools used by the companies and steel producers for forecasting profits and investment values. This is usually achieved through following the updated wire rod prices, indexes which reflect the market trends and movements in the wire rod trade worldwide. Each producer and buyer needs to evaluate the investment risks and profits in terms of global wire rod business. In addition to the quality of wire rods, it is important to consider safety, nominal diameters and shapes of wire rod products. Characteristics of wire rod such as high quality and wide utilization area provide some advantages to investors as well as supporting the building of highly resistant constructions. When some manufacturers increase diversity of wire rod, they are able to meet most of the demands of the market and ensure growth of market share. The volume of wire rod supply in the market is based on the producers’ capacities to manufacture the product. Wire rod prices today change depending on the market demands, the volume of supply, quality variables and production process. While the usage area of wire rods is wide, there is also high wire rod demands in the global market in terms of construction activities. Wire rod is usually included in a longs product group along with the reinforcing bars. Steel based materials have a wide range of products including wire rods. Producing the wire rod involves the processing of steel billets and the diameter of wire rod usually varies in the range of 5-20 mm. There are different types of wire rods that are simply produced for multiple usage areas. Some of those countries are China, Turkey, India, the US and the members of the EU and the CIS states. In the global steel market, there are plenty of manufacturing countries which offer various wire rod prices for different qualities. When producing wire rod, the steelmaking process is similar to advanced manufacture of other steel based products. Wire rod products may vary in terms of prices, quality and can be used in different areas of the construction segment. Although wire rod is sometimes called a semi-finished material, it is actually finished for steel manufacturers. Wire rod is a steel product which is mostly used in construction but also has other applications depending on the qualite. SteelOrbis Conferences, webinars and video interviews can be watched on Steel Video. ![]() Our major market-leading conferences and events offer optimum networking opportunities to all participants while adding great value to their business. Turkish Scrap and Steel Products Markets.Research Reports Research Reports Research Reports.SteelOrbis sheds light on the future of the steel markets! Manage your business with SteelOrbis’ independent price forecasters. Price Forecasters Price Forecasters Price Forecasters.Steel News Steel Matters Interviews Freight News Steel Grade Equivalency Steel Companies.Steel Markets Steel Markets Steel Markets.This new capacity alone will result in more carbon emissions than the entire EU steel industry combined, erasing all of the EU steel industry’s emission reduction efforts up to 2050 in just three years. Another 150 million mt of steel capacity are set to become operational by 2026, while global steel demand is expected to remain weak. Furthermore, new capacity expansions are primarily focused on very carbon-intensive, traditional coal-based furnaces. The excess capacity that surpasses 600 million mt is mainly found in Asia, the Middle East and North Africa. “We expect to have an interim agreement outlining an ambitious framework that will provide clear guidance and include the substantive elements of the Global Arrangement on Sustainable Steel and Aluminum (GASSA),” Axel Eggert, director general of EUROFER, said. The association urges that only a strong, international binding agreement can adequately respond to a new global context where carbon-intensive excess capacity has reached 600 million mt. The European Steel Association (EUROFER) has stated that the EU-US Summit planned for October 20 should pave the way for a global solution to tackle challenges of excess capacity and carbon intensity that the global steel industry is facing. ![]() ![]() ![]() ![]()
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