Chinese-made square steel pipes have been booming in the economic arena in recent times owing to China’s invigorating economic development. The rapid growth of the nation’s steel sector has triggered a surge in worldwide demand for steel pipes, propelling China into its position as the largest steel manufacturer on the global stage.
The 2018 global steel production figures recently released by the World Steel Association show a significant output expansion of 4.6%, with an impressive count of 1.798 billion tons. In particular, China achieved a 6.2% rise in its total crude steel output, reaching an impressive 928.3 million tons.
Last year, the production of steel pipes in China achieved an impressive surge. Specifically, 26.772 million tons of seamless steel pipes and 23.476 million tons of welded pipes were made – a rise of 8.5% and 5.7%, respectively, compared to 2017.
China’s output of square steel pipes skyrocketed in 2018 to 14.35 million tons, a full 10.6% hike compared to the prior year. This growth is largely attributed to the nation’s surging construction industry, which now enjoys generous investments from the Chinese government – investments that have greatly stimulated demand for steel pipes.
The current demand for Chinese-made square steel pipes has propelled their usage in construction projects such as high-rises, bridges and pipelines. As the Chinese economy continues to advance, the market for these steel pipes is expected to witness copious growth. This intrinsic demand is likely to persist over time as Chinese infrastructure projects evolve.
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Post time: 2023-06-21