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Try the Free AI Search EngineAsia Steel Market: Stable Output Despite US Trade Cases, Lingyuan Iron & Steel Shows Growth
Asia’s steel market maintains a generally stable output, even amid recent US trade case developments. Activity changes at specific plants in Asia have been observed, while the news articles, “US issues preliminary AD/CVD results on pipe from Turkey,” “US issues preliminary results of CVD review on CTL plate from S. Korea,” “US issues preliminary results of AD review on CTL plate from S. Korea and Belgium,” “US issues final results of AD review on CTL plate from Italy,” and “US assigns zero dumping margin for LD welded pipe from Turkey,” highlight the ongoing trade dynamics with the US, affecting specific product categories and companies. However, no direct relationship between these trade rulings and the observed activity changes at the listed Asian steel plants could be established.
The mean steel plant activity in Asia shows fluctuations, peaking at 43% in May and then decreasing to 35% in September. Lingyuan Iron & Steel Co., Ltd., a Chinese integrated steel plant with a 6,000-tonne BOF capacity, showed consistently high activity levels, ranging between 66% and 70%, consistently exceeding the Asian average. Chubu Steel Plate Nagoya plant, a Japanese EAF-based plant producing plate for automotive and infrastructure, exhibited stable activity between 61% and 67%, also above the Asian average. Ansteel Group Chaoyang Steel & Iron Co., Ltd., another integrated Chinese plant with 2,100-tonne BOF capacity, operated at consistently high levels between 69% and 72%, also exceeding the mean activity.
Lingyuan Iron & Steel Co., Ltd. witnessed a gradual increase in activity, reaching 70% in September. This plant, relying on integrated BF-BOF processes to produce finished rolled products like rebar and steel pipes, showcases stable operations. However, based on the available information, no direct correlation to the US trade case news can be drawn.
Chubu Steel Plate Nagoya plant’s activity demonstrates a gradual increase from 61% to 67% over the observed period. This EAF-based plate producer, serving automotive and construction industries, shows consistent output. There is no observable or deducible impact based on the named news articles, as they are more focused on plate from South Korea.
Ansteel Group Chaoyang Steel & Iron Co., Ltd. also maintained stable, high-activity levels above 69%. The plant, producing steel plate and pipe through BF-BOF processes, does not show any impact on production rates due to the cited trade cases.
Evaluated Market Implications:
Given the consistently high activity levels at Lingyuan Iron & Steel Co., Ltd., Ansteel Group Chaoyang Steel & Iron Co., Ltd., and Chubu Steel Plate Nagoya plant, no immediate supply disruptions are anticipated from these plants. However, steel buyers sourcing CTL plate and welded pipe should closely monitor the final determinations of the US DOC in the cases, “US issues preliminary AD/CVD results on pipe from Turkey,” “US issues preliminary results of CVD review on CTL plate from S. Korea,” “US issues preliminary results of AD review on CTL plate from S. Korea and Belgium,” and “US issues final results of AD review on CTL plate from Italy.” If definitive duties are imposed, procurement strategies may need to be adjusted to account for potential price increases or shifts in sourcing regions. The stability of the plants listed here may offer supply alternatives depending on specific product needs, however, procurement diversification into these sources should be carefully assessed against logistical considerations, material specifications and certifications. The news article, “US assigns zero dumping margin for LD welded pipe from Turkey” indicates that some suppliers are not subject to antidumping duties.