17

2026-03

Global demand for high-end steel plates is rising, and steel coil products are upgrading towards higher added value.

On March 4th, an industry analysis report showed that by 2026, the proportion of steel used in global manufacturing is expected to exceed 50%, replacing construction steel as the main driver of demand. This will drive a continuous increase in demand for high-end steel coils and plates, with high-strength steel, weathering steel, and special steel plates being the core growth drivers. In terms of application areas, the demand is most prominent in the new energy sector.

2026-03-17

17

2026-03

The rise of the shipbuilding industry in Southeast Asia has driven a surge in demand for marine steel plates and coils.

Recently, the rapid rise of emerging shipbuilding bases in Southeast Asia has led to a continuous increase in demand for marine steel plates and coils, reshaping the global trade landscape for related products. According to data from the International Association of the National Shipbuilding Industry, new ship orders in Southeast Asia increased by 37% year-on-year in 2023, accounting for 18.5% of the global total.

2026-03-17

17

2026-03

Hoa Phat Group in Vietnam is experiencing a surge in both production and sales of steel coils and plates, leading the Southeast Asian market.

On January 12, Hoa Phat Group, Southeast Asia's largest steel producer, released its 2025 performance report. Total crude steel production reached 11 million tons, a 26% year-on-year increase. Sales of steel coils and plates were particularly strong, helping the group's total sales exceed 10.6 million tons for the first time, a 31% year-on-year increase, officially entering the ranks of "ten-million-ton-level" integrated steel suppliers.

2026-03-17

17

2026-03

Southeast Asian steel coil production capacity is expanding rapidly, reshaping the regional supply chain.

Recently, Southeast Asia has seen a surge in steel production capacity development, reshaping the regional steel coil supply landscape. On January 13, Vietnam's Yong Kim Group announced a $380 million investment to build a 2 million-ton-per-year short-process green stainless steel project, with the first phase planned to have a hot-rolled stainless steel coil capacity of 1.95 million tons, filling the gap in Vietnam's domestic stainless steel hot-rolling and steelmaking sectors.

2026-03-17

17

2026-03

Global hot-rolled coil prices fluctuated at high levels, with significant regional differentiation.

On March 17th, data released by an international steel price monitoring agency showed that the global benchmark hot-rolled coil (HRC FOB) price was $465/ton, fluctuating between $460-470/ton during the day, a slight decrease of 0.8% from the previous day, continuing its high-level fluctuation trend.

2026-03-17

16

2019-10

Warm congratulations to the website of Shandong Baixinxin Metal Products Co., Ltd. on the launch!

Warm congratulations to the website of Shandong Baixinxin Metal Products Co., Ltd. on the launch!

2019-10-16

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