Countries all over the world are seeking to improve people’s living standards and get rid of poverty. The increase in steel demand is inevitable. While addressing the needs and challenges of today’s economic environment, the steel industry is also looking at the challenges that will emerge in the near future. We will need materials that are stronger and meet higher environmental standards.

With the continuous development of new generation steel, manufacturers and construction can be designed to be durable and lightweight. In addition, steel can be recycled indefinitely without losing strength, durability, or any other characteristic property.

The key to steel is that no other material can be as steel, with the same unique strength, forgeability and multifaceted nature.

Today’s society has relied on steel – although we may not know it yet. The challenges of humanity’s future success in addressing climate change, poverty, population growth, water allocation, and low-carbon social energy constraints also depend on steel applications.

Steel plays a vital role in almost every stage of our lives. Steel is used in railways, roads and vehicles in our transportation system. Steel provides high-strength frames and connectors for the buildings we work, study and live. Steel protects and supplies us with water and food. Steel is a fundamental component of energy generation and transmission technology. The downstream market of steel industry include below：

Construction industry and infrastructure
Half of the world’s steel is flowing into the construction and infrastructure sectors. The population will increase by 2.7 billion in 2050, and the urbanization process will accelerate. Steel demand for construction and infrastructure will continue to grow globally over the next few years. Steel companies around the world continue to offer new construction steel solutions for building energy-efficient and carbon-neutral buildings that must be efficient and recyclable materials.

Transportation industry
Mobility is at the heart of our modern lifestyle. In response to the continuous development of economic globalization, efficient transportation of goods has become the key to solving problems. In the past 30 years, the volume of freight has almost doubled. More than 15% of the world’s steel production is used to meet the transportation needs of society. Steel is also indispensable in other related infrastructure, such as roads, bridges, ports, stations, airports, etc.

Automotive industry
Nowadays, almost every new car design uses advanced high-strength steel. Compared to conventional steels, the use of new grades of advanced high-strength steel allows automakers to reduce body weight by 25-39%. Taking a typical family car with five people as an example, the overall weight of the car is reduced by 170-270 kilograms, which is equivalent to saving 3-4.5 tons of greenhouse gases throughout the life cycle. Reduced greenhouse gas emissions exceed the total amount of carbon dioxide emitted by all automotive steel during production.

Use of steel in the energy production and distribution industry
Energy is indispensable for social development, and steel plays a key role in supplying energy to the world. Whether it is fossil fuels, nuclear technology energy, or renewable energy, steel is essential in the production and distribution of energy. In addition, steel also plays an important role in improving energy efficiency.

Food and water industry
We need steel to grow, store and deliver our food. We also need steel to collect, store, purify and distribute water. The annual production of canned food is nearly 200 billion cans. Compared to other food preservation methods, steel cans save energy because they do not require refrigeration and freezing. Steel tanks can be recycled 100% and the global average recycling rate is 68%. In addition, by improving the design and the canning process, the re-utilization and weight reduction of the steel can can be further improved.

Tool and machinery manufacturing
Even if it is not a steel product, it may be produced by steel machinery. Steel is everywhere in our lives: your cars, cell phones, refrigerators – even plastic and glass bottles in the refrigerator – all made of steel or made using steel tools. Plastic automotive parts, glass cups and computer bases are made of steel molds. Steel is indispensable in our modern life.

Otai Special Steel is a supplier of kinds of Steel included hot work tool steel, high speed tool steel and more. We are looking forward to cooperating with you.