What are the potential impacts of the epidemic on the development of the steel industry?

China Metallurgical News (2nd edition, December 04, 2020)

Reporter Zhang Ying

On December 1, Barris Bekir Chefti, Director of strategic planning and Raw Materials at the World Iron and Steel Association, wrote that the COVID-19 outbreak has injected strong impetus into the global steel industry’s scientific and technological progress and green transformation, which will be the main drivers of change and transformation in this century.

In terms of technological progress, the popularization of e-commerce, online services, online work and educational tools will help promote the development of new and enhanced technological tools and services, forming a self-reinforcing cycle of technological progress.

In terms of green transition, the sudden outbreak of COVID-19 has increased awareness of environmental risks, which is bound to lead to further public pressure on governments and businesses to act as soon as possible.

At present, some countries have announced a package plan aimed at achieving green recovery, making the development of renewable energy and decarbonization technology as the core of the economic recovery plan after the epidemic.What specific effects will this have on the global steel industry?

One is to pay more attention to decarbonization technology.The development of breakthrough low-carbon steelmaking technologies, as well as investments in energy efficiency, electrification and high waste utilisation, are likely to accelerate in the wake of the outbreak, according to Baris Bekir Chefti.

Second, the optimization of product structure was accelerated.In order to adapt to the changing needs of the downstream steel industry, steel enterprises are also continuously optimizing the product mix.However, the continued spread of COVID-19 is likely to lead to accelerated changes in expected customer demand.Therefore, the steel industry needs to accelerate the provision of steel solutions in areas such as zero-emission transportation, smart green buildings, climate change renovation projects and infrastructure modernization.

Third, pay more attention to the life cycle and circular economy characteristics of steel.As a result of the COVID-19 outbreak, the global steel industry will work hard to study the life cycle and circular economy characteristics of steel products and vigorously promote the advantages of steel products.

Fourth, we should pay more attention to industrial cooperation and build partnerships for sustainable development.The steel industry will work closely with partners in energy and chemical industries on carbon capture and utilization and hydrogen smelting, as well as the use of symbiotic steel products and recycled gases;Strengthen communication and cooperation with the downstream steel industry to provide smart green steel solutions through EVI (supplier early intervention) service;Strengthen cooperation with upstream suppliers on meeting ESG (environmental, social, governance) standards, better management of steel raw materials (including sorting and selection processes), and reduction of environmental footprint.

Tianjin Rainbow Steel Group is a professional steel product manufacture in China.

The product we can manufacture as below:

Our Main Product Range:

1. Steel Pipe (Round / Square/ Special shaped/SSAW)

2. Electrical Conduit Pipe (EMT/IMC/RMC/BS4568-1970/BS31-1940)

3. Cold Formed Steel Section (C /Z /U/ M )

4. Steel Angle and Beam ( V Angle Bar / H Beam / U Beam)

5. Steel Scaffolding Prop

6. Steel Structure (Frame Works)

7. Precision Process On Steel ( cutting, straightening, flattening, pressing, hot rolling, cold rolling, stamping, drilling, welding, etc. According to customer’s requirement )

8. Steel Tower

9. Solar Mounting Structure

Our Company Advantage:

1. Price: Our Company is located in Tianjin China. For decades, Tianjin has been the steel industry center and the largest steel pipe production base in China. The industry chain of steel and metal products is complete; It has a large material and labor resources here. So the steel pipe types made in here is very complete , the quality is super , the price is very advantageous. AS a group company, our four factories can get a more favorable price of raw materials due to the large purchase quantity of single batch of materials. The prices of export products are all intro-group prices, so we have a price advantage over other independent exporters.

2. Transportation: Our mills are only 70km away from Tianjin Port, which is the Largest port in north China, with vessels ship to more than 300 ports in 170 countries. Our company is only It’s very Convenient and saves both time and cost in transportation.

3. One stop service: As a group company, we have four mills with a modern warehouse & processing facility, we can supply you with an extensive range of steel products: hot rolled and cold formed, including a wide variety of merchant bar, structural and tubular products. We have all the domestic, commercial and industrial steel supplies and services you could possibly need. So if you purchase from us, what we can provide is a one-stop steel product service. It saves much of your purchasing time and sourcing cost.

4. Product Capacity and delivery:

We have a large production capacity, and export more than 3500 tons per week ( nearly 150 20 GP containers )，We can delivery the goods Within 20-30 days after receiving T/T deposit or L/C. For special urgent orders, we can shorten the leading time to 10 days.

5. Manufactured according to different standards, Meet different standards:

Since our products have been exported to many different countries and regions like Europe, America, Australia, Africa, Asia etc. , our products can meet the requirements of different national standards. If you have special requirements, just tell us, we can produce customized products for you, not only meet your quality requirements, but also save you cost a lot.

Our experienced and knowledgeable staff is always ready to answer your questions about our products and services.