Blog - CUMIC STEEL LIMITED

Steel Plate: A Crucial Material in Modern Construction

2023.03.09

Steel is one of the most essential building materials today. It is a common option for construction projects of all sizes because it is strong, durable, and versatile. Steel plate, in particular, is a...

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Women of Steel: An Interview with Amanda Zhang

2023.03.07

Amanda joined CUMIC right after graduating from Ireland in 2008. Initially the sole finance employee, she helped expand the finance department as the company grew. Having formed the brand-new Treasury...

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[Market Insight] Turkish Earthquake Impacts on Local Steel Mills

2023.02.08

On February 6, 2023, at 04:17 local time, an earthquake of magnitude 7.8 struck the Pazarcık area of Kahramanmaraş, Turkey. After the first earthquake, a total of 243 aftershocks occurred, the large...

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2023 Global Steel Outlook Report

2023.01.31

In 2022, the outbreak of the Russo-Ukrainian conflict drove European energy prices to soar; the Fed raised interest rates multiple times to control inflation (the worst one in 40 years), and China'...

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Tips to Avoid Cracking during Wear Plate Processing

2022.07.27

Wear-resistant plate, also known as abrasion-resistant plate, is used in various industries and applications where abrasion, wear and tear requirements are particularly critical.However, while the wea...

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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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