{"id":20018,"date":"2021-02-22T09:10:08","date_gmt":"2021-02-22T00:10:08","guid":{"rendered":"https:\/\/news.samsungcnt.com\/en\/?p=20018"},"modified":"2023-02-16T17:36:01","modified_gmt":"2023-02-16T08:36:01","slug":"test-strength-steel-new-global-era","status":"publish","type":"post","link":"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2021-02-test-strength-steel-new-global-era\/","title":{"rendered":"A test of strength for steel in a new global era"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"20018\" class=\"elementor elementor-20018\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6fe30bc4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6fe30bc4\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b6ba0e3\" data-id=\"b6ba0e3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ade1b27 elementor-widget elementor-widget-image\" data-id=\"ade1b27\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-at-a-glance-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM4MTksInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjFcLzAyXC9tYXRlcmlhbC1zdGVlbC1hdC1hLWdsYW5jZS0xLmpwZyJ9\">\n\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"151\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-at-a-glance-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33819\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-at-a-glance-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-at-a-glance-1-300x59.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f072d9f elementor-widget elementor-widget-text-editor\" data-id=\"f072d9f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p>Steel might be a source of inspiration for many of us in the post-COVID-19 world. It gains its strength from a test of fire, quite literally. Just as the pandemic has tested people and industries across the globe, there is hope that humanity\u2019s resilience has been fortified.<\/p><p>The analogy also works for the steel market, which has been bouncing back after the challenges of 2020. This feature will take a closer look at this vital commodity and how it has stood up to the test of the last year or so.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a6391ac elementor-widget elementor-widget-heading\" data-id=\"a6391ac\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.23.0 - 05-08-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">Balancing price and precision while spinning plates<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d5656e8 elementor-widget elementor-widget-text-editor\" data-id=\"d5656e8\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Steel\u2019s invention can be traced back to the 13th century B.C. with the\u00a0<a href=\"https:\/\/www.worldsteel.org\/steelstory\/\" target=\"_blank\" rel=\"noopener noreferrer\">discovery<\/a>\u00a0that iron became stronger when left in charcoal furnaces. Ever since, people have been innovating using steel for everything from weapons and armor to industry and infrastructure.<\/p><p>But not all steel is created equal, and the final product depends on how it is processed. For example, there is hot rolled steel, which requires temperatures above\u00a0<a href=\"https:\/\/www.sciencedirect.com\/topics\/chemistry\/hot-rolling\" target=\"_blank\" rel=\"noopener noreferrer\">1,000\u00b0C<\/a>. It is ideal for applications that need to be shaped while retaining high strength, like railroad tracks, agricultural equipment, automotive frames, and construction projects.<\/p><p>Going further, cold rolled steel\u00a0<a href=\"https:\/\/www.machinedesign.com\/materials\/metals\/article\/21832046\/whats-the-difference-between-hot-and-cold-rolled-steel\" target=\"_blank\" rel=\"noopener noreferrer\">is essentially hot rolled steel that has undergone additional processing<\/a>\u00a0at room temperature. It goes through finishing steps such as grinding and polishing to produce precise dimensions and an improved surface. This extra effort may make the steel more expensive, but it is needed for applications that focus on precision, such as automobile parts, home appliances, and furniture.<\/p><p>Aside from shape, dimensions, and surface, steel can also be processed in terms of color. When people think of steel, silver or gray may come to mind. However, color steel plates have recently gained attention. Steel plates treated with special paint are used for everything from interior and exterior building design to home appliances and office equipment. They combine the durability and functionality of steel with the aesthetics of materials like marble and even wood.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b1edcb8 elementor-widget elementor-widget-image\" data-id=\"b1edcb8\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-photo-1.jpg\" data-elementor-open-lightbox=\"yes\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM4MjAsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjFcLzAyXC9tYXRlcmlhbC1zdGVlbC1waG90by0xLmpwZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"294\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-photo-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33820\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-photo-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-photo-1-300x115.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c0a285d elementor-widget elementor-widget-heading\" data-id=\"c0a285d\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Showing signs of a steely recovery<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b12ff45 elementor-widget elementor-widget-text-editor\" data-id=\"b12ff45\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Despite the global slowdown due to COVID-19, there are signs of improvement in the steel market. The World Steel Association released a \u201cmuch more optimistic outlook\u201d last October compared with June. This year, steel demand is set to recover\u00a0<a href=\"https:\/\/www.worldsteel.org\/media-centre\/press-releases\/2020\/worldsteel-Short-Range-Outlook-October-2020.html\" target=\"_blank\" rel=\"noopener noreferrer\">to 1,795.1 Mt with an increase of 4.1%<\/a>\u00a0over last year.<\/p><p>Much of this\u00a0<a href=\"https:\/\/www.argusmedia.com\/en\/news\/2150466-worldsteel-sees-stronger-recovery-in-global-demand?backToResults=true&amp;selectedMarket=Metals\" target=\"_blank\" rel=\"noopener noreferrer\">recovery<\/a>\u00a0is based on a surge in demand in China supported by government aid to develop infrastructure and a strong property market. In particular, China imported large quantities of\u00a0<a href=\"https:\/\/www.fastmarkets.com\/article\/3942901\/focus-china-emerges-as-savior-for-steel-amid-weak-global-economy\" target=\"_blank\" rel=\"noopener noreferrer\">hot rolled coils<\/a>\u00a0last year from India, South Korea, Japan, Taiwan, and Russia. Between last April to September, the price of hot rolled coils in China rose\u00a0<a href=\"https:\/\/www.reuters.com\/article\/us-steel-outlook-graphic-idUSKBN2662ID\" target=\"_blank\" rel=\"noopener noreferrer\">37%<\/a>.<\/p><p>There has also been a rebound in demand for cold rolled steel. According to the U.S. Department of Commerce, orders for durable goods like cold rolled steel for factory cooling towers increased\u00a0<a href=\"https:\/\/www.wsj.com\/articles\/factories-hum-to-keep-up-with-auto-housing-demand-11603816320\" target=\"_blank\" rel=\"noopener noreferrer\">1.9%<\/a>\u00a0last September from August, as manufacturing started to recover. In addition, with more people staying at home over the last year, there has been a boost in home appliance sales. This has led to a\u00a0<a href=\"https:\/\/www.metalbulletin.com\/Article\/3956811\/FOCUS-Cooking-at-home-Youre-driving-up-Chinas-flat-steel-prices.html\" target=\"_blank\" rel=\"noopener noreferrer\">boom<\/a>\u00a0in China\u2019s steel demand, especially for cold rolled coils.<\/p><p>As for color steel plates, the situation is also looking positive. The global market for color-coated steel is expected to reach\u00a0<a href=\"https:\/\/www.verifiedmarketreports.com\/product\/global-color-coated-steel-market-2019-by-manufacturers-regions-type-and-application-forecast-to-2024-2\/\" target=\"_blank\" rel=\"noopener noreferrer\">USD 27.9 billion in 2024, growing at a CAGR of around 4.8%<\/a>. Demand from end-use industries such as the construction, automotive, and appliance sectors has driven the growth of the color-coated steel market.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e12338c elementor-widget elementor-widget-image\" data-id=\"e12338c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/news.samsungcnt.com\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-infographic_v2-1.jpg\" data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-title=\"Wold Steel Demand Forecast\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzM4MjEsInVybCI6Imh0dHBzOlwvXC9uZXdzLnNhbXN1bmdjbnQuY29tXC91cGxvYWRcLzIuMFwvd3AtY29udGVudFwvdXBsb2Fkc1wvc2l0ZXNcLzNcLzIwMjFcLzAyXC9tYXRlcmlhbC1zdGVlbC1pbmZvZ3JhcGhpY192Mi0xLmpwZyJ9\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"768\" height=\"583\" src=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-infographic_v2-1.jpg\" class=\"attachment-medium_large size-medium_large wp-image-33821\" alt=\"\" srcset=\"https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-infographic_v2-1.jpg 940w, https:\/\/news.samsungcnt.com\/upload\/2.0\/wp-content\/uploads\/sites\/3\/2021\/02\/material-steel-infographic_v2-1-300x228.jpg 300w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18937d0 elementor-widget elementor-widget-heading\" data-id=\"18937d0\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Where does Samsung C&T fit in?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38c3513 elementor-widget elementor-widget-text-editor\" data-id=\"38c3513\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><a href=\"http:\/\/trading.samsungcnt.com\/EN\/trading\/bz\/203000\/data.do\">Samsung C&amp;T Trading &amp; Investment Group<\/a>\u00a0supplies hot and cold rolled steel and color steel plates to automakers, construction material manufacturers, shipyards, and distributors around the world.<\/p><p>Furthermore, we previously featured the work done by\u00a0<a href=\"https:\/\/news.samsungcnt.com\/en\/sct-office-spotlight-otelinox\/\">Otelinox<\/a>\u00a0in Europe, but the company\u2019s offices responsible for trading steel are located in wide-ranging locations, from China to Mexico.<\/p><p>With genuine optimism rising in the industry, it may be hoped that the strength of Samsung C&amp;T\u2019s steel business may continue to shine.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Steel might be a source of inspiration for many of us in the post-COVID-19 world. It gains its strength from a test of fire, quite literally. Just as the pandemic has tested people and industries across the globe, there is hope that humanity\u2019s resilience has been fortified. The analogy also works for the steel market, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15],"tags":[],"class_list":["post-20018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trading-investment"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A test of strength for steel in a new global era - Samsung C&amp;T Newsroom<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.samsungcnt.com\/en\/features\/trading-investment\/2021-02-test-strength-steel-new-global-era\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A test of strength for steel in a new global era - Samsung C&amp;T Newsroom\" \/>\n<meta property=\"og:description\" content=\"Steel might be a source of inspiration for many of us in the post-COVID-19 world. It gains its strength from a test of fire, quite literally. Just as the pandemic has tested people and industries across the globe, there is hope that humanity\u2019s resilience has been fortified. 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