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Try the Free AI Search EngineAsia Steel Market Faces Uncertainty as US Tariff Threats Loom and Plant Activity Dips
Asia’s steel market is facing headwinds amid potential US tariff increases. News articles titled “Trump gegen die EU: Countdown im Zollstreit” and “Trumps US-Zölle im Liveticker: Wadephul warnt Trump: “Die EU ist nicht wehrlos” | FAZ” highlight the escalating trade tensions, although a direct impact on the steel plant activity data cannot be explicitly established. Recent satellite-observed activity at key Chinese steel plants shows a significant decline in overall activity.
The mean steel plant activity in Asia dropped significantly from 39% in June to 26% in July.
Bengang Steel Plates Co., Ltd., an integrated BF-based steel plant in Liaoning, China, specializing in finished rolled products like automotive and container plates, saw its activity rise to 51% in July. This rise does not directly align with the news articles related to US tariffs.
Pingxiang Pinggang Anyuan Iron & Steel Co., Ltd., an integrated BF-based plant located in Jiangxi, China, producing steel bars and wire rods, reached its highest observed activity level of 72% in July. There is no direct connection between this activity and the provided news articles.
Xinji Aosen Iron and Steel Group Co., Ltd., another integrated BF-based plant in Hebei, China, producing billets and wire rods, experienced a decrease in activity to 45% in July. Like Bengang and Pingxiang Pinggang Anyuan, there is no immediate correlation of this plant activity to the tariff-related news.
Given the uncertainty surrounding potential US tariffs and the recent drop in mean steel plant activity across Asia, steel buyers should prioritize securing existing supply chains and consider diversifying sources. Specifically, monitor the output and stock levels of Bengang Steel Plates, since it is experiencing increased production. Though there is no immediate evidence to suggest that Pingxiang Pinggang Anyuan or Xinji Aosen are specifically implicated, carefully monitor overall trends as well. Given the news articles regarding US Tariffs, there is a possibility of sudden trade barriers being erected, which may result in increased regional demand.