The demand for metal cutting equipment for high quality steels is growing

High quality steels are increasingly being used in industry. Technological processes of metalworking of these steels are associated with the use of efficient metal-cutting equipment: milling, turning, horizontal boring machines, IR500 machining centers, IS800 (IS 800) and others. This equipment periodically needs repair and modernization.

High quality steel market situation
The EU industry is distinguished by its innovative approach and stability, yet black clouds are gathering in the European market for these products. Their fate in many EU countries will largely depend on whether further investments begin in related sectors.

All indications are that Europe will face an influx of additional high-quality steel from Asia. Already today, China provides about half of the quality steel produced in the world. However, they have even bigger plans for expansion. The financial surplus of many Chinese companies forced them to invest in production facilities in other countries.

The Chinese capital provides significant sums for investment in Indonesia. This policy does not surprise experts. The high quality steel industry is most profitable when we have access to raw materials. And Indonesia has very rich deposits of chromium.

This information is all the more important because in a few years Indonesia will produce up to 5 million tons of high-quality steel per year. This means that the market will have another 10% of the current production of this type of product. This will provoke a price war.

Much will depend on energy investments. If energy companies decide to adapt them to the latest requirements and at the same time want to improve their efficiency, the demand for quality will be met in the coming years.