Global steel demand is expected to remain robust this year.Punched Angle SteelThe significant surge in steel prices is putting pressure on downstream industries in various countries. Against this backdrop,Punched Angle SteelTrade barriers and obstacles in the steel sector are showing signs of easing. India has announced that it will lift the ban on electroplated or coated steel.Galvanized Angle IronThe anti-dumping duty on imported rebars and perforated flat steel products will be extended until September 30th. Additionally, the customs tariffs on semi-finished products, flat steel, and long products of non-alloy, alloy, and stainless steel have been reduced from 10%-12.5% to 7.5%. Meanwhile, the European Commission is studying the possibility of取消ing the import tariffs on steel products by June 30th this year.

Despite the recovery in supply of steel products like perforated angle steel in overseas markets, the tightness of market resources in some countries has not been fully alleviated, such as in Japan and India, where downstream industries are experiencing continuous recovery in demand. Steel companies are focusing their sales efforts on the domestic market, creating market space for China's steel exports. According to data from the China Federation of Logistics & Purchasing's Steel Logistics专业委员会, the new export order index for the steel industry in February was 61.4%, a significant increase of 6.2 percentage points from January and the highest in recent years.