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The Trouble with Overcapacity

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The only exception to this alloy numbering system is with the 1xxx series aluminum alloys (pure aluminums) in which case, the last 2 digits provide the minimum aluminum percentage above 99%, i.e., Alloy 1350 (99.50% minimum aluminum). Cast Alloy Designation

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Much of the continuing demand shortfall is keyed to the recent slowdown in Chinese economic growth; China is responsible for nearly 50 percent of global steel consumption. In 2010, China enjoyed GDP growth of more than 12 percent; in 2016 it was below 7 percent.

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Aluminum Market Outlook - 2026. The Aluminum Market was valued at $147.2 billion in 2018, and is expected to reach $189.8 billion by 2026, registering a CAGR of 3.2% from 2019 to 2026. Aluminum is an electronegative metal, which possesses strong affinity for oxygen. It is the sixth most ductile and second most malleable metal present on earth.

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Outside of mainland China, we also anticipate a pullback in global steel prices over the near term, primarily driven by falling scrap prices. Scrap prices increased by $70–80/metric ton across most global markets in the fourth quarter, after falling throughout most of 2019. Scrap prices increased too much, too fast and were exposed to a pullback.

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Apr 11, 2017 · Metals price transparency brings buyers and sellers closer together by building TRUST, the examples of Progressive Insurance and KBB show it.

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The Sheet Metal market in the U.S. is estimated at US$19.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$17.2 Billion by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027.