Introduction
Shanghai Beitie Steel Market is a leading international steel market in Shanghai. It has developed into one of the largest steel trading centers in China. Founded in 2000, the market mainly deals in steel medium and long products, sheet and strip, and new energy materials. With the increasing importance of steel industry in modern life, the market has become a major center for steel trading, processing, and production.
The market comprises of almost 56% steel recycling brands and 44% traders. In the past, the market mainly dealt with domestic steel products but now deals with imported steel products too. It supplies both domestic and international buyers with a broad range of steel products including Hot Rolled Steel, Cold Rolled Steel, Structural Steel, Galvanized Steel, and various other types of special steel. It also provides steel processing services through over 400 independent processing factories.
Market Size and Growth
The Shanghai Beitie Steel Market is one of the largest steel markets in China. According to official data, the market had an overall turnover of 20 billion RMB in 2017. With an annual growth rate of 10%, the market is projected to be worth approximately 30 billion RMB by 2022. Currently, the market records a daily trading volume of 10,000 tons of steel material.
Role of the Market
The Shanghai Beitie Steel Market plays an important role in the steel industry in China. It serves as a one-stop platform for steel trading and processing. It connects the producers and buyers of the steel industry. It also serves as a platform for research and development of steel products.
The market has established a credit system for all its trading companies in order to promote trust between the parties. It also acts as a bridge between domestic and international enterprises as it provides a trading platform for both domestic and international steel products.
Advantages of Trading
The Shanghai Beitie Steel Market offers several advantages to its clients. These include low transaction costs, a wide array of steel products and customers, prompt delivery, and flexible payment terms. The market also provides after-sales services such as product replacement, refund, delivery insurance and so on.
Conclusion
The Shanghai Beitie Steel Market is one of the largest steel trading centers in China. It serves as a bridge between domestic and international steel enterprises and facilitates the trading, processing, and production of steel products. It offers numerous advantages to its clients including low transaction costs, a wide array of steel products and customers, prompt delivery, and flexible payment terms. As the importance of steel industry continues to grow in modern life, the Shanghai Beitie Steel Market will continue to play an important role in the Chinese steel industry.