Shenyang New Tower Bay Steel Market
Shenyang New Tower Bay Steel Market is a large-scale professional steel market located in Shenyang, Liaoning province. As the largest steel storage and wholesale center in northeast China, it currently has more than 2000 steel factories, more than 10 thousand traders and over 30 thousand employees. It has become the leader of the steel trade industry in northeast China.
Shenyang New Tower Bay Steel Market covers an area of nearly 100 square kilometers, making it the largest steel trade base in China. With its high concentration of steel factories and traders, it has become the most important steel business center in the region. As such, the market is an important gateway for the flow of domestic and international steel resources and the central hub of a vast network of steel production, storage, and transportation.
In addition to the steel trading industry, Shenyang New Tower Bay Steel Market houses over 30 other businesses in fields such as finance, automotive industry, logistics, civil service, and medical care. These businesses provide employment opportunities for thousands of local workers and contribute greatly to the economy of the region. It is estimated that the local GDP accounts for one third of the whole Liaoning province’s GDP.
In recent years, Shenyang New Tower Bay Steel Market has continued to expand and modernize. New storage and loading facilities have been built, and integrated steel trading centers have been established in order to create a more effective and efficient way to trade steel. They have also increased the number of nearby highways and railway lines in order to enable faster transport of steel.
In the near future, Shenyang New Tower Bay Steel Market will continue to grow in order to meet the ever-growing demand of the steel trade industry. It aims to become the largest steel regional trade and logistics center in the world, offering more services and products to its clients, and creating a massive platform for the steel industry. The development of this market will be a great boon to the economy of Liaoning province, as well as to the whole of China.