#Global Infrastructure

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China's Belt and Road Initiative: Paving New Pathways for Global Development

The Belt and Road Initiative (BRI), China’s ambitious global infrastructure and investment strategy, continues to evolve, impacting diverse regions, including Africa, South America, and the South China Sea. Recent developments in 2023 have highlighted significant investments and construction projects across these areas, reflecting the BRI’s expansive reach and the varied nature of its…

[market-insider]

Iron and Steel Market's Journey in Fueling the Engine of Progress

The global iron and steel market size is expected to reach USD 2,253.52 billion by 2030, according to a new report by Grand View Research, Inc. expanding at a CAGR of 3.8% from 2023 to 2030. Rising demand for heavy machinery and growth in the construction industry is expected to augment market growth over the forecast period.

Iron And Steel Market Report Highlights

Based on iron ore application, the steel segment is expected to register a growth rate of 2.0% in terms of revenue over the forecast period. The production of steel is expected to increase over the forecast period on account of rising investments in the construction of smart cities, led by increasing urbanization rates.

For example, Saudi Arabia’s NEOM project is anticipated to consume the largest amount of iron and steel. Further, at a capacity of 650 tons per day, the NEOM project will commence hydrogen production in 2026, which will be used by green steel and cement industries, for the city to run at 100% renewable energy.

Based on steel end-use, the building & construction segment captured the largest revenue share of the market, with over 45.0% in 2022. Rising investment by emerging economies to modernize their infrastructure is expected to propel the demand for the product.

Based on region, the Middle East & Africa is expected to achieve a revenue growth rate of 4.3%, over the forecast period. This growth is primarily driven by the emergence of infrastructure projects in the Middle East, which in turn is boosting the demand for products in the region.

For More Details or Sample Copy please visit link @: Iron And Steel Market Report

Over 98% of the total iron ore transforms into pig iron, which is a crucial component in the production of steel. Finished steel products are used in various industries, such as heavy industry, construction, automotive, and consumer goods. In heavy industry, steel is a strong material that can handle heavy weights and tough conditions. It provides stability and safety to heavy machinery, equipment, and infrastructure by maintaining their structural integrity. Thus, it is widely used in heavy industries such as shipbuilding, defense products manufacturing, and oil & gas.

Investment in the oil & gas industry is expected to drive the demand for steel over the forecast period. For instance, in April 2022, Cairn Oil & Gas, a Vedanta Group subsidiary, announced investing USD 700.0 million in oil & gas exploration projects in India. The company plans to invest in 100 exploratory wells, including the project in the Barmer region of Rajasthan, India.

Despite the rising penetration in various end-use industries, the product faces hindrances in the automotive industry. Electric vehicles prefer to use aluminum because of its lightweight and robust characteristics. This lightweight property helps reduce fuel consumption and lowers carbon emissions. As a result, aluminum is increasingly being used as a substitute for steel in electric vehicles, and this trend is expected to negatively affect the global market growth in the foreseeable future.

Region-wise, Asia Pacific is projected to undergo substantial revenue growth with a CAGR of 3.6% across the forecast period. This growth can be attributed to substantial investments in the region's construction and infrastructure sectors of developing economies. For instance, The Indonesian parliament approved the Capital City Bill in January 2022, paving the way for constructing a new capital city in the East Kalimantan province. The country has plans to invest USD 35 billion in the project, which is projected to be finalized by 2024.

IronAndSteel #SteelIndustry #Metallurgy #SteelProduction #SteelManufacturers #SteelMarketTrends #MetallurgicalProcesses #SteelDemand #SteelProducts #SteelTrade #ConstructionMaterials #EconomicProgress #MetalsMarket #MetalInnovation #GlobalInfrastructure #Manufacturing #IndustrialDevelopment #InfrastructureDevelopment #EconomicGrowth #GlobalCommerce

[politijohn]

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[nando161mando]

[sleepsucks]

[bunabi]

Im not gonna lie it feels like we're finally experiencing the last frantic deathbed convulsions of the US empire ???

[imightbeatomato]

people love to title their books "The Ghost of ____" and then not even have anything to say about lingering spirits or the undead smh

[workersolidarity]

Photo: CRRC

🇮🇩🇨🇳 INDONESIA LAUNCHES FIRST HIGH-SPEED RAIL IN SOUTHEAST ASIA FUNDED BY CHINA: PART OF BELT & ROAD INITIATIVE (BRI)

Indonesia unveiled the first high-speed railway in Southeast Asia Saturday, a joint-project between Indonesia and China funded at 75% by the Chinese State-owned China Development Bank and the remaining 25% was funded by Private Equity from Indonesian and Chinese shareholders. The Project is part of China's increasingly popular Belt & Road Initiative (BRI).

Though the initial project was projected to cost $6 Billion, some cost overruns mostly from land compensation costs raised the bill by another $1.2 Billion. Though by American and European standards, this would be a relatively small overrun.

The new high-speed railway connects Jakarta, a city of more than 10 million, with Bandung, an educational and technology of 2.5 million, with four stops: Halim, Karawang, Padalarang, Tegalluar.

The train four times daily, with a maximum capacity of 600 passengers and travels at speeds in excess of 350kmh (218mph), and covering a total of 142km (88mi).

The new train cuts the travel time between Jakarta's Halim station and Bandung's Padalarang from roughly 3 hours to just over 30 minutes, a truly stunning improvement for these rapidly growing and developing cities.

The high-speed train's cars are equipped with modern amenities including spacious seating, power outlets, and LCD screens while the ride is smooth, with few bumps.

Though a Western media blitz intended to deligitimize the project in recent weeks, actual Indonesian people's excitement about the project is evident.

“We feel very comfortable on the train. We can see how fast it is going,” said Muhammad Risman, a 48-year-old private employee from Jakarta who was taking the test ride with his wife.

"The seats are nice and spacious. The screens are also easy to see and show us what the route looks like.”

While Indonesian President Joko “Jokowi” Widodo, who also rode on the train for the first time last week, expressed his admiration for the project.

“I had visited the high-speed train project site four times before, but this was the first time I actually rode on it. It was very comfortable, and I didn’t feel the speed of 350 km [per hour] at all, whether I was sitting or walking around,” Jokowi said.

“This is what civilization looks like."

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[hldd2gado]

Future Electronics and Renesas to Host Webinar on AI-Enhanced IMUs

This event is set for Tuesday, September 17th, 2024, from 10:00 to 11:00 CET, and will feature a comprehensive overview of Renesas' diverse product offerings, presented by representatives from Future Electronics and Renesas.

[aeolianblues]

pop stars aren't born in the 70s anymore like they used to be. These days they're born in a year uncomfortably close to my own which makes me clutch my chest and cry out

[boudicca]

and why is one singular (american!) company able to literally control every aspect of our lives globally from bank transactions to functional air travel...?

[rahulp3]

What Are The Major Factors Driving Retinal Biologics Market Growth?

The Retinal Biologics Market is experiencing a surge in demand, fueled by advancements in eye disease treatments and a growing emphasis on vision health. According to a recent analysis by Future Market Insights (FMI), a leading market research firm, the market is currently valued at an impressive US$22.25 billion in 2022. Looking ahead, the market is projected to witness a remarkable Compound Annual Growth Rate (CAGR) of 11.1% over the next six years. This translates to a staggering market valuation of US$41.92 billion by 2028, highlighting the significant potential of retinal biologics in revolutionizing eye care.The remarkable expansion of the Global Retinal Biologics sector is fueled by advancements in technology, innovative research, and a growing demand for cutting-edge treatments. As the industry continues to evolve, it presents unprecedented opportunities for stakeholders, investors, and healthcare professionals alike.Key Retinal Biologics Market Insights:

Rising Prevalence of Diabetes-related Eye Disorders and Age-related Macular Degeneration (AMD) The prevalence of diabetes-related eye disorders and age-related macular degeneration is on the rise, underscoring the growing need for innovative solutions within the Retinal Biologics Industry.Substantial Investment in R&D for Biologics in Retinal Disorders The industry is witnessing a significant influx of research and development resources, aimed at advancing biologics for both infectious and non-infectious retinal disorders. This investment underscores the commitment to addressing unmet medical needs.

Emergence of Specific Biologic Molecules as Therapeutic Targets Specific biologic molecules are gaining prominence as highly promising therapeutic targets, offering new hope for patients with retinal conditions.Gene Therapy as a Solution for Monogenic Retinal Illnesses With a growing number of monogenic retinal illnesses, gene therapy is emerging as a pivotal component of the Retinal Biologics Market, presenting innovative solutions for these challenging conditions.

Request a Sample Copy of This Report Now.https://www.futuremarketinsights.com/reports/sample/rep-gb-8663

[techdriveplay]

What Percentage of Cars Sold in 2023 Were Electric?

The automotive industry has been rapidly shifting towards electric vehicles (EVs), driven by increasing environmental concerns, technological advancements, and government incentives. The year 2023 marked a significant milestone in this transition. This transition has raised the question: What Percentage of Cars Sold in 2023 Were Electric? Let’s dive into the data to understand the impact and…

[marianomoreno]

like yes absolutely agreed!!! and also that is Not the point of the post at all.

[ittybitsysword]

This is going to sound extremely bitchy (I don’t mean it too I just live here) but @clairenatural they are not going to do this because they are trying to keep all the other trees going, they are chopping down 158 cherry trees in the tidal basin because of rising sea levels due to global warming.

They have to raise the tidal basin’s walls because the trees keep flooding and dying. They will not be keeping the mulch from the trees they cut down, clippings will be sent to the National Arboretum.

You can read about it here