cold ring rolling machine_cold ring rolling machine

5、As global economies gradually recover from the impacts of the COVID-19 pandemic, the steel industry has experienced a notable surge in production. According to the latest data from the World Steel Association, steel output in the first quarter of 2023 saw an 8.4% increase compared to the same period last year. This growth is largely attributed to the rise in infrastructure projects across Asia and North America, as well as the revival of the automotive sector. The automotive manufacturing industry has rebounded to pre-pandemic levels, significantly boosting the demand for raw materials like steel.