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Try the Free AI Search EngineAsia Steel: Activity Shifts Amidst US Trade Case Developments
Asia’s steel market shows mixed activity amid US trade case adjustments. Observed plant activity changes could not be clearly linked to the recent US DOC rulings on Italian, Turkish, and Canadian steel imports as reported in “US issues final results of AD review on CTL plate from Italy“, “US assigns zero dumping margin for LD welded pipe from Turkey“, “US amends final dumping margin on CTL plate from Italy’s Officine Tecnosider“, and “US issues preliminary results of AD review on LD welded pipe from Canada“.
Observed Monthly Steel Plant Activity:
The mean steel plant activity in Asia peaked in May at 43% and then decreased to 31% in September. Lingyuan Iron & Steel Co., Ltd. maintained high activity, increasing from 66% in March to 70% in September. Chubu Steel Plate Nagoya plant also shows increased activity levels, from 61% in April to 67% in September. Ningbo Iron & Steel Co., Ltd. experienced a decrease in activity from a peak of 75% in April to 59% in September.
Lingyuan Iron & Steel Co., Ltd., located in Liaoning, China, operates as an integrated steel plant with a crude steel capacity of 6,000 ttpa, utilizing BF and BOF technologies. Satellite data indicates consistent activity, reaching 70% in September, significantly above the Asian average. No direct connection can be established between this observed activity and the US DOC rulings mentioned earlier.
Chubu Steel Plate Nagoya plant, situated in Chūbu, Japan, focuses on plate production using EAF technology with a crude steel capacity of 700 ttpa. The plant’s activity level increased from 61% in April to 67% in September. It is important to note that this plant has ResponsibleSteelCertification. There is no clear connection between this activity and the US DOC rulings on Italian, Turkish, and Canadian steel.
Ningbo Iron & Steel Co., Ltd., based in Zhejiang, China, is an integrated steel plant with a crude steel capacity of 4,000 ttpa using BF and BOF processes, focusing on carbon, low-alloy, and automotive structural steel. The plant’s activity decreased from 75% in April to 59% in September, falling below the mean Asian activity level in September. No connection to the US DOC rulings could be established.
The antidumping duties on CTL plate from Italy, as described in “US issues final results of AD review on CTL plate from Italy” and “US amends final dumping margin on CTL plate from Italy’s Officine Tecnosider,” alongside preliminary findings on LD welded pipe from Canada in “US issues preliminary results of AD review on LD welded pipe from Canada,” suggest potential shifts in import patterns for these specific products in the North American market. Steel buyers should monitor price fluctuations and adjust procurement strategies accordingly, especially concerning sourcing from Canada and Italy due to potential dumping margins impacting import costs. Given the increased activity at Chubu Steel Plate Nagoya plant, steel buyers seeking plate products for automotive, building, or infrastructure may find this a stable and certified supplier.