The Global Steel Market Pattern Under The Post-Epidemic Era(2)

In the context of a steady recovery in the global economy, we have seen a return to production in important end markets, with production now significantly increasing in the automotive and industrial sectors.In the global demand tracking, we choose automobile consumption and electricity demand as indicators.Because on the industrial side, electricity demand can effectively amplify changes in the intensity of industrial production.At the consumer side, the automobile, as a large and optional consumer goods, can effectively reflect the change of people's consumption ability and willingness.

In 2020, auto sales in major regions of the world showed a weak trend, declining 15% month-on-month.The best performer was China, which remained the world's largest auto market, though sales fell 6% to about 19.97.9 million vehicles. This was followed by Russia and Japan, where sales fell by about 10 percent.The U.S. and India markets are down about 17 percent, Europe is down 24 percent and Brazilian car sales are down 27 percent.Overall, despite the significant decline in auto sales since the outbreak of the global epidemic in April, with the recovery of economic prosperity, the sales have rebounded quickly. At present, the sales have maintained a fluctuating but better trend from month to month, and it is expected that the prospects of auto sales in 2021 are optimistic.

CBIES AUTOMOTIVE produces steel tube for side door impact beam, cross car beam, seat frame, shock absorber, exhaust system, trunk hinge etc.