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High gas prices are likely to continue also has an impact on the market for slitting line animation

Steel processing industry - Current status of the slitting line animation

Growth in the construction, automotive and consumer slitting line animation has played a big role in providing the needed boost to the global steel processing industry. The global steel processing industry is projected to grow at a CAGR of 6.86% between 2020 and 2026. Alloy steel is the fastest-growing segment of the global steel processing market and is suitable for all applications.

Metal and Steel Processing Industry - the slitting line animation market distribution

The slitting line animation market has been segmented in terms of value and volume based on steel shape, steel type, end-user and region. Segments by steel shape include flat, long and tube steel. The division by type of steel includes alloy and carbon steel. Applications include construction, shipping, energy, packaging, consumer electronics, housing, automotive, etc. The regional segment includes slitting line animation market size and shares in North America, Europe, Asia Pacific, Latin America and other regions.

High gas prices are likely to continue also has an impact on the market for slitting line animation.

A severe cold spell in early 2021 caused gas prices in Asia and North America to surge as demand surged, followed by economic recovery and extreme weather such as drought, the IEA said in its report. Data show that in 2021, LNG prices in Europe, Asia and other countries have hit a record high. In October 2021, the spot price of JKM standard LNG in Asia reached a record high of $56.33 per million British thermal units. LNG prices have since fallen back, but are still higher than average.

That trend is likely to continue this year, according to the IEA. Globally, gas demand is likely to continue to rise in 2022, which will also support prices. According to industry body European Gas Infrastructure, LNG inventories in Europe are still well below historical levels, at around 39% of total storage capacity, and continued low inventories will provide momentum for European gas prices.

Meanwhile, Middle East LNG imports are expected to grow by 11% in 2022, thanks to a new LNG terminal in Kuwait and rising demand, the IEA said. In addition, African countries, such as Ghana, South Africa and other emerging economies will also see a significant increase in LNG demand, which will also lead to a significant increase in African LNG imports.

At the same time, gas prices in various regions will be largely affected by weather conditions, and there will be greater volatility in gas prices overall.

\'Higher gas prices will inevitably lead to higher electricity prices, which will not only affect consumers, utilities and other users but may have a more negative impact on the economy,\' the IEA said. "For countries that are highly dependent on natural gas, it will be particularly important to formulate and update supply protection policies in a timely manner and optimize gas storage and other gas-related infrastructure."

If you have any questions about the slitting line animation or want to seek our help. Send an email to info@txmachinery.netplease feel free to contact us.

Metal and Steel Processing industry – the slitting line animation market demand

Market demand for steel processing is expected to grow by us $642.43 billion by 2020, with a CAGR of 2.16% from 2015 to 2020. Growth in the global construction, consumer electronics and automotive industries has played a huge role in providing the necessary momentum for the global steel processing industry after the economic slowdown of 2007-2009. In addition, the reduction of alternatives to steel has made steel an indispensable part of customers lives. The recovery of the global slitting line animation economy will also boost demand in the steel processing market.

The Asia-pacific region is expected to become the fastest-growing region in the steel processing market from 2015 to 2020. Major players in steel processing prefer agreements, contracts, joint venture and partnership strategies as well as expansion and investment to gain a larger share of the market. Leading slitting line animation providers of steel processed products and services are focusing on emerging countries that are expected to show potential for industrial development in the near future.

Metal and Steel Processing Industry - Future planning of the slitting line animation

The steel processing market is a highly fragmented one due to the huge demand for environmentally friendly products and changing technologies. Large companies rely on regional and local distributors to increase their market share and geographic distribution. The company is pursuing inorganic growth strategies such as acquisitions to respond to the growing demand for steel processing in key emerging markets. These strategies have helped the company build a larger customer and partner base in key slitting line animation markets.

The application needs of steel processing are constantly changing and manufacturers must continue to invest in RESEARCH and development and come up with innovative solutions.

Steel deep processing is the only way for the development of the slitting line animation steel industry. Chinas steel production is in the stage of oversupply, structural contradictions are: advanced production capacity and backward production capacity coexist; The shortage of high-end products and the surplus of low-end products coexist; Industrial concentration is poor.

Leading manufacturer of metallic processing machines, the slitting line animation supplier

Foshan Te Xiang Machinery Co., Ltd is a China leading manufacturer of metallic processing machines, including slitting line, cut to length line, stainless steel polishing line, ERW tube mill line, roll forming machines, embossing line and etc.

Thanks to the experience acquired in many years of business in the field of sheet metal processing, and the continuous collaboration with downstream manufacturers that demand reliability and the maximum productivity, we have developed various types of cut to length line machines for special applications, with solutions at the forefront of technology, and able to reduce the production costs of the end product. TX CTL line can be incorporated with air cushioned, bomb-door type stackers, computer controlled high-precision 4 HI and 6 HI levellers, edge trimmer and etc.

According to the dimensions, thickness of the material, and production capacity, TX cut-to-length cutting lines can be divided into various types:

1)start-stop shear CTL line;

2)flying shear CTL line;

3)rotary shears CTL line ;

4)trapezoidal shear CTL line;

5)heavy gauge CTL line;

6)flat bar cut to length line

If you have any questions about the slitting line animation or want to seek our help. Send an email to info@txmachinery.netplease feel free to contact us.

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