A Definitive Buying Steel Guide: An Overview of the Global ...

30 Dec.,2024

 

A Definitive Buying Steel Guide: An Overview of the Global ...

China has become the largest steel and iron producers in the world. They have created more capacity in order to keep up with the rising demand for steel. Steel has become very popular and essential in many industries today. China not only produces steel for their country use, but is the largest exporter of steel to many other countries around the world. China&#;s share in steel production continues to rise each year, as well.

You can find more information on our web, so please take a look.

Table of Contents

What is Steel?

Steel is made from iron ore. Iron ores are rock and minerals from which metallic iron can be extracted. Steel was first discovered and produced in India by using a method that bonds the right amount of carbon and iron.

Typical steel specifications

Specifications include steel properties such as hardness, toughness, tensile strength, yield strength, corrosion, and more.

  1. Specific heat of steel &#; the specific heat capacity of steel is 420 J/(kg C). This can be important in the production of steel.
  2. Specific weight of steel &#; the specific weight of steel is about 7.8 &#; 7.9 kg/dm3. It is important to know the weight of the steel product being purchased. This can ensure safety and support of the steel product in its structure.
  3. Specific gravity of steel &#; Steel has a specific gravity of kg/dm3.
  4. Strength of steel &#; Tensile strength refers to measurement of force required to break the material. Yield strength refers to the measurement of force required to start bending or deforming the material.

 

Advantages of Steel

  • Speed of Construction
  • Cost Savings
  • Attractive Design
  • High Strength and Durability
  • Sustainable
  • Effective and Reliable
  • Modifiable

 

Steel Industry

The steel industry is continuously growing worldwide. Steel has become a staple for many projects in almost every country.

Countries that Have Steel

Steel is used often for various reasons in different industries, therefore there are many countries around the world who produce steel. There are still countries, though, that may not have the capacity or a large enough capacity to produce their own steel or produce enough. Therefore, importing large quantities of steel is done frequently among those countries.

How important is the steel industry?

Steel production is becoming more important as more industries are using steel in various projects because of the benefits.

 

What is steel used for?

Since there are many advantages to using steel, it is a popular material to use for

  • Buildings
  • Houses
  • Tools
  • Automobiles
  • Trains
  • Ships
  • Machines
  • Appliances
  • Weapons

 

What industries use the most steel?

Steel used worldwide is distributed to different sectors:

Sector % of steel used worldwide Building and Infrastructure 52% Mechanical equipment 16% Automotive 12% Metal products 10% Other transport 5% Electrical equipment 3% Domestic appliances 2%

Which are the largest steel companies?

Top 10 largest global steel companies are:

  • ArcelorMittal (Luxembourg) &#; produced 96.5 million tons of steel produced in . They are the leading company in steel and mining.

 

  • China Baowu Group (China) -produced 67.5 million tons in . This company is the second largest and focuses efforts on environmentally friendly production.

 

  • Nippon Steel Corporation (Japan) - produced 49.3 million tons. This company is headed in Japan, but has company bases around the world, providing steel for both large and small projects.

 

  • HBIS Group (China) &#; produced 46.9 million tons. This group has become China&#;s largest steel supplier for home appliances, and bridges and construction. In addition, they are China&#;s second largest supplier for automotive.

 

  • Posco (South Korea) - produced 42.9 million tons. This is the first integrated steel mill in Korea.

 

  • Shagang Group (China) &#; produced 40.7 million tons. They make sure they are using advanced technologies and equipment to be most efficient.

 

  • Ansteel Group (China) &#; produced 37.4 million tons. They focus on adjustment, reform, innovation, and strength of their steel. They strive for using the best materials and &#;creating better life&#;.

 

  • JFE Steel Corporation (Japan) &#; produced 29.2 million tons. Their vision is to &#;[contribute] to society with the world&#;s most innovative technology&#;. They also value creating relationships with their clients.

 

  • Jianlong Group (China) &#; produced 27.9 million tons. This company is a privately owned steel manufacturing company.

 

  • Shougang Group (China) &#; produced 27.4 million tons. This is a Chinese state-owned steel company. It is one of the oldest steel manufacturing companies in China. They do more than work with steel, such as city infrastructure, conduct minerals, real estate, and finance.

 

 

How is Steel Made

Steel is typically made by either using a blast furnace or an electric arc furnace. The blast furnace uses coal, ground up into a powder. The coal is cooked and turned into &#;coke&#;. The coke is then used to melt the iron ore. The electric arc furnace is a newer process. This way uses an electrical current to melt scrap steel and produce molten steel.

Steel mill

Steel mills are an industrial plant for the purpose of manufacturing steel. There are various types of steel mills such as

  • Integrated steel mill
  • Specialty steel mill
  • Iron ore steel mill
  • Iron and steel scrap
  • Coke

 

Is Steel Environmentally friendly?

It is important to make sure that the environment is not negatively affected by production. At Camasteel, we strive to ensure that production follows all regulations for environmental safety. We strongly promote environmentally friendly steel production.

Steel is a recyclable product and there has been confirmation of waste reduction in steel construction. This is mainly because steel products are tailored to the fit of a specific structure during a job. Therefore, there will be little waste of steel products if done correctly.

However, having eco-friendly production also depends on the technology. Blast furnace can be very polluting by dissolving carbon into iron or steel. Some modern technology, though, such as Electric Arc Furnace (EAF) have reduced polluting. Using EAF reduces carbon foot printing and is becoming more and more popular in the production of steel. Many companies are seeking a &#;go green&#; route with all of their systems.

 

Overview of Steel Products

Raw steel vs finished products of steel

Raw steel is a product that is un-coated. This is more likely to rust. Finished products have coating on them for more protection and a cleaner look. Clear coat is a finish that still has the industrial look, but is protected by the coat that will last a very long time. Lastly, there is a zinc coat. This gives the steel a brighter and cleaner silver finish. This coating is sustainable for outdoor use.

Popular steel products

The most popular steel products being sold include

  • Structural Beams and Bars

 

  • Piping and Tubing

 

 

 

Here at Camasteel, we are committed to helping our clients worldwide buy steel and hence are constantly updating relevant informative posts such as:

 

Steel Prices

Price of steel

Steel prices have fluctuated over the years, but because of inflation have ultimately been increasing. The price of steel can change day by day and more drastic changes can occur in this market if there are natural disasters or demand changes.

Global Steel Market

Pricing of scrap steel have fluctuated. In early prices were around:

  • Copper wire = $2.66/lb
  • #1 Copper tubing = $2.50/lb
  • #2 Copper tubing = $2.35/lb
  • Insulated copper wire = $0.70/lb
  • Steel BX = $0.21/lb
  • Brass = $1.41/lb
  • Brass shells = $1.24/lb
  • Stainless steel = $0.32/lb
  • Light iron = $110/ton
  • #1 Steel = $177/ton
  • Cast iron = $183/ton
  • Shreddable steel = $166/ton

 

Trading of Steel

Primary Financial Instruments for Trading Steel:

  1. Over the counter (OTC) &#; this involves a private contract between the trader and the client, but not in the same format of a standard contract. This offers traders an opportunity to use options and swap products in their trading. Since this is a private contract, it involves more risk than other contract options. An OTC can be made for an agreed upon grade or quantity of steel, but some other specifications may require a futures contract.
  2. Futures Contracts &#; steel can be traded on the Exchange. There is a contract that is a cash-settled contract. Each contract can account for a certain amount of steel in metric tons. The price of the contract is settled between the two parties based on the difference between the purchase price and the sales price.
  3. Steel ETFs &#; similar to the stock market, shares can be traded on exchanged for companies that produce steel.
  4. Contract for difference (CFD) &#; this allows speculation on prices of shares from steel producing companies. The value of a CFD is the difference between the price of the shares when purchased and current price. CFDs are also very risky.

 

Steel regulation

Regulations on buying steel

Most regulations are put in place when companies are importing their steel. Typically, an import license is required to import steel and an export license is required when exporting steel. The specifics may differ for each country.

Safety regulations in the steel industry

Before transporting the product, it is important that the steel is inspected and tested for quality assurance. There are different types of tests depending on the product. Products may be tested for

  • Hardness
  • Tension
  • Impact
  • Corrosion and wear resistance
  • Strength

 

China Steel Industry

China&#;s steel industry is growing more rapidly than most other countries and is now the largest contributor to the production of steel in the world. In the s, the Chinese steel industry was very small. After the wars, China was behind compared to other countries productions. It wasn&#;t until the late s that they had a rapid growth in their economy and their steel industry increased its output. It has continued to grow since.

How much steel is imported from China?

China is the world&#;s largest steel exporter. They export to over 200 countries/territories. In the last year, China has exported over 62 million metric tons of steel products.

What factors caused China to expand the industrial production of iron and steel?

This industry first expanded because of the demand in agriculture for the use of tools, in addition to the demand for weapons, buildings, and bridges. As time passed, the demand for iron and steel grew and China created the capacity for more steel production.

Quality of Chinese steel

China is currently working hard to make sure all of the steel they produced is of high quality. It is important for these Chinese companies to focus both on quality and quantity, not just quantity and price competition. This may result in capacity limits for steel producing companies.

 

How to Buy Steel from China

China steel production

China&#;s annual steel production trend for :

Buy in bulk from China

At Camasteel, we offer many steel products that can come in different shapes and sizes to fit the needs of the client project. We supply products that can be applied to many industries for different uses.

 

Steel Transport: Importing from China

Steel is typically transported by loading a truck using equipment that is safe for carrying heavy bundles of steel. It is secured properly before being shipped to its destination or a port to be shipped overseas for export.

The most common ways to ship steel are:

  • Rail
  • Truck
  • Ship

 

In different size bundles/containers such as:

Type For what product? 20 ft containers Most steel products, in bundles, can be shipped in this container 40 ft containers Larger quantity of most bundles of steel Large polypropylene bags Grinding media steel balls or other small steel products 200-liter drum barrels Grinding media steel balls or other small steel products Strapped bundles Wire coils need strapped so it doesn&#;t come apart during transport Bulk Shipping All products sold at Camasteel can be shipped in bulk overseas

There are restrictions on specific steel products that can be imported and exported depending on the country regulations. There also typically needs to be a certificate approval of imports and exports for companies. Lots of countries protect their country&#;s steel producers and so import restrictions tend to be strict.

Top importers

The main importers of steel are

  1. United States
  2. European Union
  3. Germany
  4. Italy
  5. Vietnam
  6. Thailand
  7. Indonesia

 

The main exporters of steel are

  1. China
  2. Japan
  3. Russia
  4. South Korea
  5. Germany
  6. Turkey
  7. Italy

 

Conclusion

There is no one size fits all on how to buy steel; it depends on the needs of the client and project at hand. Are you looking for steel and would like to buy from China?

Contact us today!

Factors to Consider When Buying Structural Steel Products

Structural steel products form the foundation of various sectors, including construction, automotive, and infrastructure development. Its popularity stems from its strength, durability, and versatility. Structural steel often leads to cost-efficient projects with high structural integrity, making it a sought-after material.

Material Grade

Carbon Steel

Carbon steel is primarily composed of iron and carbon and is a popular choice for structural applications due to its high strength and affordability.

Pros and Cons:

Pros: High tensile strength, widely available, and generally cheaper than other types.

Cons: Less resistant to corrosion and might need additional surface treatments.

Common Use Cases: Used in building frames, car bodies, and basic structural applications.

Alloy Steel

Alloy steel contains additional elements like chromium, molybdenum, or nickel that improve its mechanical properties.

Pros and Cons:

Pros: Improved strength, hardness, and wear resistance compared to carbon steel.

Cons: Generally more expensive and may be over-engineered for simple projects.

Common Use Cases: Suitable for high-stress applications like bridges, power generation equipment, and advanced machinery.

Stainless Steel

This type of steel contains chromium, giving it excellent corrosion resistance.

Pros and Cons:

Pros: High corrosion resistance, aesthetic appeal, and excellent for sanitary applications.

Cons: More expensive than carbon steel and generally less strong.

Common Use Cases: Employed in chemical plants, food processing units, and architectural features.

Material Grade Comparison

Decision Parameters: When selecting a material grade, one should assess the structural needs, environmental conditions, and budget constraints of the Project.

Performance Indicators: Factors like tensile strength, yield strength, and flexibility can be performance indicators for selecting a suitable material grade.

Expert Tips: Consulting with material scientists or structural engineers can provide valuable insights into the most appropriate material for a specific application.

Quality Certification and Standards

ASTM Standards

American Society for Testing and Materials, or ASTM, sets industry-wide standards for materials, including structural steel. These standards address chemical composition, mechanical properties, and manufacturing processes.

Complying with ASTM standards ensures that the steel meets the requirements for quality and safety. Compliance is often a prerequisite for projects, especially in regulated industries like construction and aerospace.

ISO Certification

The International Organization for Standardization (ISO) provides recognized certifications for various products and materials, including steel.

ISO certification indicates that the steel has met international quality benchmarks, making it suitable for projects that span different countries or must follow global standards.

Custom Standards

Custom standards might be developed for specialized projects or applications with unique requirements not covered by existing standards. Military projects, specialized research facilities, or unique architectural designs may require custom standards.

Regional and National Standards

Countries or regions may have their standards, which could be adaptations of international standards or independently developed guidelines. Examples are European EN standards and Japanese JIS standards.

Local or national standards may be mandatory for projects within specific jurisdictions, and checking for Compliance when sourcing structural steel is advisable.

Documentation and Verification

Often accompanies the product to certify that it meets the claimed standards. Independent entities may be hired to verify that the structural steel complies with all required standards.

Legal Implications

Failure to comply with quality certifications and standards can lead to legal consequences, including fines and project delays. Contracts often specify the quality standards to be met, and not complying with these could be a breach of contract.

Mechanical Properties

Tensile Strength

Tensile strength indicates how well a material can resist being pulled apart. It is an important factor in applications where materials will undergo tensile pressures. Usually measured in megapascals (MPa) or pounds per square inch (psi). For example, tensile strength is a key parameter in skyscraper construction, where steel has to support huge vertical loads.

Yield Strength

Yield strength defines the maximum stress that can be applied to the steel before it deforms permanently. In construction, this is especially important for ensuring structural integrity. It&#;s usually measured in megapascals (MPa) or pounds per square inch (psi). Bridges, for instance, require steel with high yield strength to endure dynamic loads like heavy traffic and wind forces without deforming.

Hardness

Hardness measures the resistance to deformation and is usually quantified using scales like the Rockwell or Brinell hardness scales. A higher hardness often indicates better wear resistance, which can be advantageous in applications like machinery components. In industrial machinery, harder steel can provide a longer lifespan for components like gears or shafts.

Ductility

Ductility describes how much a material can deform under tensile stress before breaking. Higher ductility can absorb more energy during deformation, making it valuable in earthquake-prone regions. Buildings in seismic zones often use steel with higher ductility to withstand the forces of an earthquake.

Fatigue Strength

Fatigue strength is the maximum stress a material can endure for several cycles without breaking. This property is particularly relevant in structures that experience repeated loading and unloading, like bridges or aircraft. For example, the steel used in aircraft landing gears needs high fatigue strength to endure repeated landings.

Weldability

Weldability refers to how well the material can be joined through welding without compromising its properties. Poor weldability can introduce weak points in the structure, compromising its integrity. High weldability can simplify construction and improve final quality in large projects where pieces are often welded on-site.

Dimensional Tolerances

Thickness

The thickness of structural steel directly affects its ability to withstand loads and stresses. Insufficient thickness can result in structural failure or a shorter material lifespan. Industry standards often define a narrow range of acceptable thicknesses. Going beyond these tolerances can compromise the structural integrity. Regular inspections using calipers or ultrasonic thickness gauges can help ensure the material falls within acceptable tolerances.

Length and Width

Exact dimensions in length and width are often necessary in construction planning, where every inch can matter. Any changes can affect everything from fit to the ability to make secure connections. Just like thickness, the length and width of structural steel are regulated by industry standards. Not following these can result in ill-fitting components, leading to project delays. Ruler tapes, laser distance measurers, and even traditional yardsticks can be used depending on the required level of accuracy.

Weight

The weight of the structural steel plays a big role in transportation costs. Exceeding weight tolerances might require specialized transportation methods, which can be costly. Weight directly impacts the ease of assembly. Heavier pieces might need more advanced lifting equipment or labor, increasing the project&#;s complexity and cost. Weighing scales with high precision are generally used to ensure the material falls within the specified weight tolerances.

Surface Treatment and Coatings

Galvanization

Benefits

Corrosion Resistance: Galvanized steel is more corrosion-resistant, making it suitable for outdoor structures.

Longevity: The coating can extend the life of the steel, resulting in lower maintenance costs over time.

Ease of Use: Galvanized steel typically doesn&#;t require additional painting or treatments, reducing labor costs.

Drawbacks

Cost: The process can be expensive, especially for large-scale projects.

Limited Bonding: Paints and adhesives may not apply well to galvanized surfaces.

Goto Hongyuan International to know more.

Environmental Concerns: Chemicals like zinc can make the galvanizing process less environmentally friendly.

Painting

Types

Epoxy Paints: They are known for their durability and chemical resistance and are commonly used in industrial settings.

Polyurethane Paints: Offer excellent weather resistance and are often used for outdoor structures.

Acrylic Paints: Provide a good balance between cost and performance, suitable for less demanding applications.

Uses

Aesthetic Purposes: Painting allows for a wide range of colors and finishes.

Additional Protection: Some types of paint can offer extra resistance to corrosion or chemical damage.

Identification: Different colors are used to identify pipes or structural elements for safety or organizational purposes.

Oxide Layers

When to Use

Natural Oxidation: In some environments, allowing steel to oxidize naturally creates a protective layer that can be both functional and aesthetically appealing.

High-Temperature Conditions: Oxide layers can resist oxidation at elevated temperatures, making them suitable for certain industrial applications.

Architectural Appeal: The rusted appearance of oxidized steel can be desirable in specific architectural or design contexts.

Availability and Lead Time

Stock Products

Pros

Quick Availability: Stock products are typically ready for immediate shipment, reducing lead time.

Lower Costs: Because they are mass-produced, stock products often come at a lower price point.

Ease of Replacement: If additional pieces are required, it&#;s generally easier to quickly source more of the same item.

Cons

Limited Customization: Stock products may not meet specialized requirements for unique projects.

Overstock Risks: You might need to purchase more material than needed if the products are only available in standard bulk quantities.

Custom Orders

Timeline

Initial Planning: Custom orders require an initial planning and design phase, adding to lead time.

Production Time: Depending on the complexity, this could range from weeks to months.

Quality Checks: Custom orders often undergo more rigorous quality control, extending lead times.

Costs

Design and Planning Fees: Customization requires specialized planning, which can be costly.

Production Costs: Small-batch production is typically more expensive per unit.

Quality Control Costs: Rigorous testing may incur additional expenses.

Vendor Reliability

Past Performance: A track record of on-time deliveries can indicate a reliable vendor.

Communication: Prompt and clear communication throughout the order process can be a good sign.

Financial Stability: A vendor&#;s financial standing indicates its ability to fulfill orders consistently.

Third-Party Audits: Some may opt for external audits or checks to ensure vendor reliability.

Environmental Factors

Corrosion Resistance

Climate and Location

Coastal Areas: Saltwater can accelerate the corrosion process, requiring materials with higher corrosion resistance.

High Humidity: Moist environments also increase corrosion risk and may necessitate special coatings or treatments.

Industrial Zones: The presence of chemicals or pollutants in the air can affect the durability of structural steel, requiring enhanced corrosion resistance.

Recyclability

Sustainability Concerns

Eco-Friendly: Steel is highly recyclable, reducing the overall carbon footprint of a construction project.

LEED Certification: Using recycled steel can contribute to LEED certification for green building.

Resource Conservation: Opting for recyclable materials can reduce the demand for new resources, which is beneficial from a sustainability standpoint.

Financial Considerations

Pricing

Supply and Demand: Changes can influence steel prices.

Raw Material Costs: The cost of iron ore and other raw materials can impact the price of steel.

Economic Indicators: Macroeconomic factors like inflation and interest rates can also affect pricing.

Bulk Discounts

Volume Requirements: Some suppliers offer discounts based on volume. Make sure to inquire about thresholds for these discounts.

Strategic Sourcing: Collaborate with other departments or organizations to consolidate purchases and use volume-based discounts.

Timing: Off-season or end-of-quarter periods might offer additional opportunities for discounts due to inventory clearance.

Hidden Costs

Freight Costs: The price of steel often does not include shipping costs, which can greatly increase the overall expenditure.

Import Taxes and Duties: If sourcing from another country, be aware of import taxes or customs duties.

Storage Fees: If immediate use is unplanned, storage costs should be factored into the overall financial planning.

Supplier Reputation

Customer Reviews

Diverse Sources: Obtain reviews from various platforms, trade journals, and forums for a well-rounded perspective.

Detail-Oriented Feedback: Focus on reviews that provide specific insights into the steel&#;s quality and customer service.

Recency: Prioritize recent reviews as they more accurately reflect the current state of the supplier&#;s operations.

Industry Experience

Track Record: A supplier with a long history in the industry is often more reliable and has established quality control procedures.

Certifications: Look for industry-relevant certifications that indicate a commitment to quality.

Referrals: Companies with extensive experience often come recommended by other industry professionals.

Transparency

Open Dialogue: A reputable supplier should be willing to answer any questions and address concerns promptly.

Documentation: The availability of Compliance certificates, test reports, and other data is a sign of a transparent and reliable supplier.

Accountability: Transparent suppliers are more likely to take responsibility for any issues and offer solutions.

Successful Structural Steel Product Purchase

Comprehensive Research: A thorough understanding of material grade, dimensional tolerances, and surface treatments is critical.

Budgeting and Financial Planning: To avoid budget overruns, factor in all potential costs, including hidden fees like transportation or storage.

Environmental Responsibility: Choose materials that align with sustainability goals whenever possible.

Vendor Due Diligence: Take the time to assess the reliability and reputation of your supplier.

Consult Industry Experts: Consulting with engineers or material scientists can offer invaluable insights for complex projects.

Use Reputable Sourcing Platforms: Websites and trade journals often list verified suppliers and provide user reviews.

Project Management Software: Utilizing specialized software can help track expenses, timelines, and order statuses for better project management.

You can make a well-informed decision for your structural steel purchase by systematically assessing factors like material properties, costs, supplier reputation, and environmental considerations. The more you know, the better you can negotiate and make choices that align with your project goals and budget. A multi-pronged approach that considers all these aspects is the key to successfully acquiring structural steel products.

FAQ: Factors to Consider When Buying Structural Steel Products

How Do I Determine the Steel Grade Best Suited for My Project?

Consider your Project&#;s specific load-bearing requirements, environmental conditions, and overall design. Consulting with a structural engineer is highly advisable for tailored guidance.

What are Dimensional Tolerances, and Why Are They Important?

Dimensional tolerances refer to the allowable variations in dimensions like thickness, length, and weight. These variations can impact structural integrity, project planning, and costs.

Are Bulk Discounts Always More Economical?

Not necessarily. While bulk discounts can offer cost benefits, they may also result in overstock or storage costs. Evaluate your Project&#;s precise needs before opting for bulk purchases.

How Can I Be Sure a Supplier is Reliable?

Look for customer reviews, check for industry certifications, and assess the supplier&#;s transparency and communication. You can also request references from the supplier for additional assurance.

What Should I Consider for Environmental Sustainability?

 Opt for corrosion-resistant steel if the project environment requires it, and consider using recyclable steel for sustainability.

Are there Hidden Costs I Should Be Aware of?

Yes, be sure to account for costs like transportation, import taxes, and storage fees, as they can significantly add to your Project&#;s budget.

 

Get a Quote Now

Contact Form

"*" indicates required fields

NAME

*

COMPANY NAME

*

*

DEPARTMENT

*

SALES

CREDIT

Please select the department you are trying to reach

Select a Location Near You

*

PRODUCT INQUIRY or MESSAGE

*

CAPTCHA

This field is for validation purposes and should be left unchanged.

Want more information on Steel Profiles For Sale? Feel free to contact us.