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Try the Free AI Search EngineAsian Steel Production Remains Steady Amidst EU Trade Concerns: Plant Activity Analysis
Asia’s steel market displays stable production levels despite growing concerns in Europe over global overcapacity and trade imbalances. Recent satellite observations show continuous operation across key Asian steel plants, even as the “German steel industry calls for comprehensive EU trade measures to address global overcapacity“. While the article highlights European anxieties, no immediate impact is seen in Asian production output as indicated by satellite observed plant activity. There is no direct relationship established between “EU steel quotas must not disrupt distribution and SMEs“ and measured activity levels.
The average steel plant activity in Asia fluctuated between 32% and 43% from March to August. Ansteel Group Chaoyang Steel & Iron Co., Ltd. consistently operated well above the average, with activity increasing from 71% in March to 80% in August. Jianglong Acheng Iron & Steel Co., Ltd. showed the highest activity, peaking at 99% in June and July. Hoa Phat Hai Duong Steel plant activity remained relatively stable between 42% and 46%.
Ansteel Group Chaoyang Steel & Iron Co., Ltd., a Liaoning-based integrated steel plant with a crude steel capacity of 2.1 million tonnes per annum (MTPA) using BF-BOF technology, showed consistently high activity levels. Its primary products include steel plate and pipe. The plant’s activity increased from 71% in March to 80% in August. No direct connection to the named news articles can be established based on this data.
Jianglong Acheng Iron & Steel Co., Ltd., located in Heilongjiang, also utilizes BF-BOF technology with a crude steel capacity of 1.1 MTPA. The plant produces hot rolled and coated steel products for the automotive, energy, and machinery sectors. Its activity peaked at 99% in June and July, with a slight decrease to 95% in August. No direct connection to the named news articles can be established based on this data.
Hoa Phat Hai Duong Steel plant in Viet Nam, an integrated BF-BOF plant with 2.5 MTPA crude steel capacity, produces construction steel, hot rolled coil, and other products. Its activity remained stable, ranging from 42% to 46% during the observed period. No direct connection to the named news articles can be established based on this data.
While “German steel industry calls for comprehensive EU trade measures to address global overcapacity” raises concerns about potential trade restrictions, the observed continuous operation of major Asian steel plants suggests no immediate supply disruptions. However, steel buyers should closely monitor EU trade policy developments and their potential impact on Asian steel exports. Consider diversifying procurement sources and securing long-term contracts to mitigate potential risks associated with future trade barriers. No activity-related supply disruptions could be related to the article “Eurofer: EU-US trade framework leaves steel exposed“.