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The UK steel industry will face a trade downturn that will have an impact on the market for hydraulic cut to length line

wallpapers News 2022-01-19

The UK steel industry faces a trade slump as the US cuts tariffs on the EU

The UK steel industry is bracing itself for a collapse in trade from New Year\'s Day, when EU rivals will gain a 25 per cent price advantage in the huge US market.

The European Union and the US have agreed a Halloween deal to remove tariffs on steel and aluminium quotas imported from the EU into the US from January 1, but tariffs on all UK steel and aluminium exports will remain in place after talks between The UK government failed to achieve a corresponding breakthrough. UK exports to the EU could also be hit by an unusually strict clause in the EU-US deal that means steel from the UK will still be subject to tariffs even if it is processed and exported by EU companies.

Gareth Stace, director general of UK Steel, said: "UK Steel exports to the US have halved since President Trump imposed Steel tariffs in 2018. There is no doubt that these measures have seriously damaged Britain\'s interests in its second largest steel export market. "While we welcome moves by the US to start easing tariffs, our export situation will only deteriorate further if the UK does not reach an agreement soon. The government must fight tooth and nail for a deal that ensures UK steelmakers can sell their steel to the US." Harry Patel, the national steel official in Solidarity, which represents many Of the UK steelworkers union, said the government needed to explain why the EU had a deal but the UK did not, amid reports that the US had threatened to block unilateral changes to The post-Brexit trading rules in Northern Ireland.

Britain negotiated the so-called Northern Ireland Agreement with the EU just over a year ago as part of a trade deal to leave the bloc, but Britain has repeatedly said it could unilaterally suspend the deal. The US President Joe Biden has warned Boris Johnson not to threaten peace on the island of Ireland. Penny Mordaunt, deputy international trade minister, denied this month that the failure to reach a steel deal was linked to Brexit. She told Parliament: "The story may be true in terms of how some Americans feel, but it is a false narrative. Those are two completely different issues."

Steel processing industry - Current status of the hydraulic cut to length line

Growth in the construction, automotive and consumer product name 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 product name market distribution

The product name 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 product name market size and shares in North America, Europe, Asia Pacific, Latin America and other regions. If you have any questions about the product name or want to seek our help. Send an email to info@www.txmachinery.netplease feel free to contact us.

Metal and Steel Processing industry – the product name 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 product name economy will also boost demand in the steel processing market.

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Metal and Steel Processing Industry - Future planning of the hydraulic cut to length line

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 product name 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 product name steel industry. China\'s 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 hydraulic cut to length line 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 product name or want to seek our help. Send an email to info@www.txmachinery.netplease feel free to contact us.


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