We established in 1992 in Taiwan, with today commercial head quarter in Singapore and across our global operations, we are committed to working in ways that are true to Our Welhunt Charter values of Sustainability, Integrity, Respect, Honesty, and Accountability.
According to the World Steel Association, steel is the most commonly used alloy in the world. Global steel consumption is forecast to grow around 2% per annum over the next decade. With nearly 30 years of experience in steel trading, we are continuing to grow and push the boundaries.
We continue to see Thermal coal as a major fuel to provide power and energy worldwide given its significant lower price compared to oil and gas and other forms of energy, especially, in developing countries in which we focus on delivering the energy that meets the growing demand.
The FAO projections indicate that world food demand may increase by 70 per cent by 2050, with much of the projected increase in global food demand expected to come from rising consumer incomes in regions such as Asia, Eastern Europe and Latin America. This well suits our strategy of focusing on growing sector meanwhile we we continue to pursuit our diversification strategy and deliver our excellence of integrated complex of commodity trade.
With a global portfolio of businesses and commodities, we are always seeking talented, skilled and enthusiastic people to join our team. At Welhunt, we offer work that challenges and makes a difference within a flexible and supportive environment.
To strengthen our foothold in ASEAN market, Welhunt is partnering with China Steel Structure, a subsidiary of China Steel Group, the largest Steel company in Taiwan and the local leader in steel, FUXIN Steel Buildings, a subsidiary of ISI Group.