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Common uses of coated steel products can be found in the construction, infrastructure, automobile, and engineering fields, especially in the construction and infrastructure sectors. For example, the average life span of coated steel roofs is extended to 15 to 20 years.
The global coated steel market is dominated by powder coated steel, contributing 81% of the global market share.
New investments in metal and organic coated steels are mainly in Asia, followed by the United States. International Steel (ISL) announced the expansion of its production capacity in Pakistan, with 350,000 tons of hot-dip galvanized steel and 50,000 tons of color-coated steel, respectively.
Northeast Asia is the largest consumer of coated steel. Due to its high infrastructure and construction expenditures, as well as its huge automobile and manufacturing industries, it accounts for approximately 44% of global coated steel consumption.
Due to the limitation of the end-use, the development trend of organic coating or PPGI market is different from that of the metal coating. Due to strong demand in the construction sector, Europe has become the largest market for coated steel.
As the most important end-user of coated steel, steel for the construction sector is playing a vital role in boosting consumption due to the acceleration of urbanization and population growth.
According to statistics from the United Nations Department of Economic and Social Affairs in 2018, about 55% of the world's population lives in urban areas. With this trend, the urban population is expected to reach 68% by 2050, with the largest growth in Asia and Africa.
CUMIC Steel has more than 15 years of experience in global steel trading, providing both steel mills and end-users with professional, efficient, and reliable steel supply solutions. We have established long-term cooperative relations with more than 200 steel mills to ensure these products are fabricated using quality material and are in line with various international standards.
We are a team of professional, passionate, and committed steel experts who dedicate our continuing efforts to the best experience of all steel users and everyone in the supply chain. We offer technical support, 3rd party quality control services, steel marketing intelligence information, and many other value-added services to you. Get in touch today via cumic@cumic.com, and keep updated by following us on LinkedIn and Facebook.
