Introduction
Shanghai Kang Jian Steel Market is the largest steel market in Asia with the most comprehensive product categories. It is located in Baoshan District, Shanghai, China and serves as a major international steel trading center for China, covering domestic and international steel products. Founded in 2003, the market has become a significant hub for providing steel products due to its convenient geographical location, complete product range and its excellent professional service.
Products
Shanghai Kang Jian Steel Market is widely known for its complete product range, with a wide selection of steel products which includes sheet steel, hot-rolled steel, cold-rolled steel, galvanized steel, steel pipe, steel profile, steel plate and other products. Sheet steel is the most popular product available in the market, which covers the sub-categories of stainless steel, hot-rolled steel, medium/high carbon and low/high alloy specifications. Hot-rolled steel is widely applied in industries such as automotive and architecture due to its good plasticity, strength, and weldability. Cold-rolled steel, on the other hand, is suitable for industrial applications due to its excellent properties, namely good corrosion resistance and formability. Galvanized steel is another popular product and is the raw material used for most civil construction projects. The market also provides high-end stainless steel products, including stainless sheets, pipes and tubes, and profile bars.
Market Trend
The steel market in Shanghai Kang Jian Steel Market has witnessed various ups and downs in the past several years due to macroeconomic and political influences. The steel industry was affected by the sluggish global economic recovery following the 2008 financial crisis and the slowdown of China’s economy. In recent years, it has been steadily recovering and the 2016 growth rate in China reached 6.7%, a 0.9% decrease from 2015. The Chinese steel industry, however, has not shown any major signs of growth in the recent years due to overcapacity and restrictions on steel imports. As a result, Chinese steel prices have continued to decline since 2016.
Future Outlook
Although the steel market in Shanghai Kang Jian Steel Market has experienced a challenging period due to the sluggish Chinese economy and restrictions on steel import, the market is expected to show some improvement in the future. The Chinese steel mills and buyers are turning to Shanghai Kang Jian Steel Market as it offers competitive prices and provides prompt delivery and excellent services. Moreover, the market is likely to continue to be supported by the growing domestic demand for steel and the increasing number of infrastructure projects.
Conclusion
Shanghai Kang Jian Steel Market is the largest metal market in Asia, offering products and services in accordance with international standards. It houses over 200 metal businesses and manufacturers, as well as stock companies and warehouses. This comprehensive market has become the most trusted source for quality steel products, thanks to its convenient geographical location and its efficient services. As such, the market provides some of the lowest prices for steel products and is likely to continue to grow in the near future.