Blog - CUMIC STEEL LIMITED

2022 H2 Global Steel Outlook Report

2022.07.19

2022 H1 has been a wild ride for the global steel industry. The global economy, after more than two years ravaged by the COVID-19 pandemic, is experiencing yet another shock.The Russia-Ukraine conflic...

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3 Things You Should Know about Wear Plates

2022.06.22

1. What are Wear-Resistant Steel Plates?Wear-resistant steel plates, also named abrasion-resistant plates (AR Plates), are used to reduce wear and tear on equipment surface caused by intense rolling a...

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[Market Insight] Indian Steel Industry Overview

2022.05.25

India is currently the world’s 2nd largest steel producer. In FY22 (till January), India’s production of crude steel and finished steel stood at 98.39 MT and 92.82 MT, respectively. The growth in th...

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Letter of Credit: From the Origin to the Future

2022.05.13

What Is a Letter of Credit?A Letter of Credit (L/C) is a payment mechanism that provides economic guarantees to beneficiaries and is widely used in the global steel trade. The L/C issued by the bank w...

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[Market Insight] Vietnam Steel Industry Overview

2022.04.26

Vietnam’s GDP growth in 2021 has fallen short of forecasts to 2.58 percent, lower than the 2.91% in 2020, as the COVID-19 pandemic has imposed adverse impacts on all sectors of the national economy, ...

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[Market Insight] Russian Steel Industry Overview

2022.04.12

Russia is the fifth-largest steel producer in the world. The country is extremely well endowed with mineral resources. It is rich in natural gas, oil, coal, iron ore, and various metal resources requi...

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[Market Insight] Turkey Steel Industry Overview

2022.03.30

Turkey is the seventh-largest steel producer globally and the largest one in Europe. Today the country has 26 electric arc furnace mill plants (EAF), 11 induction furnace plants, and 3 BOF plants.Turk...

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[Market Insight] 2021 Global Steel Market Review and Outlook

2022.03.18

Severely affected by the COVID-19 pandemic, the global steel industry showed a sharp decline in 2020, but with the recovery of the global economies and industries, the sector has seen a stronger than ...

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[Market Insight] Ukrainian Steel Industry Overview

2022.03.01

Ukraine is one of the world's largest producers of steel and exporters of iron ore.According to Ukrmetalurgprom, Ukrainian steel trade association, the countryproduced 21.4 million mt of crude ste...

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Tinplate: Characteristics and Production

2021.12.20

Tin plated steel sheet, commonly known as tinplate steel, refers to a cold-rolled thin steel plate coated with a thin layer of metal tin on the surface. It has a certain strength and hardness, good fo...

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