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Try the Free AI Search EngineAsia Steel Market: India Trade Optimism & Turkish Plant Surge Offset China Dip
Asia’s steel market exhibits a very positive sentiment, fueled by India’s trade advancements and robust Turkish steel plant activity, despite a dip in Chinese production. “India-US Trade Talks: Piyush Goyal Says Working Towards Fair, Equitable Deal” and “India, EU Discuss Positive Resolution Of Outstanding Issues Of Trade Deal” suggest expanding trade opportunities, while “India Doesn’t Make Trade Deals Under Pressure, Says Piyush Goyal At Berlin Global Dialogue” reinforces India’s commitment to favorable terms. These positive developments cannot be directly linked to observed plant activity levels.
Monthly Activity Trends:
The mean steel plant activity across Asia shows a decline, culminating in a significant drop to 23% in October. Kardemir Celik Sanayi Izmir steel plant demonstrates a consistent upward trend, reaching peak activity at 100% in October. Bengang Steel Plates Co., Ltd. shows relatively stable activity between May and August, followed by a decline to 40% in October. Asil Celik Orhangazi steel plant’s activity shows relative stability, with a slight overall decline through October.
Kardemir Celik Sanayi Izmir steel plant, located in İzmir, Türkiye, operates with a 1.25 million tonnes per annum (ttpa) EAF-based production capacity, focusing on finished rolled products for various sectors including automotive and infrastructure. The plant’s activity has steadily increased over the observed period, reaching 100% in October. The rise in activity could potentially mitigate supply concerns from other regions, however, no direct link to the named news articles can be established.
Bengang Steel Plates Co., Ltd., situated in Liaoning, China, is an integrated steel plant with a significant 12.8 million ttpa crude steel capacity, utilizing BF-BOF technology. The plant produces automotive plates, oil pipeline steel, and container plates. Activity decreased from 52% in August to 40% in October, significantly contributing to the overall mean activity decline in Asia. This drop cannot be directly linked to the provided news articles.
Asil Celik Orhangazi steel plant, based in Bursa, Türkiye, has a 0.55 million ttpa EAF-based capacity producing crude, semi-finished, and finished rolled products. The plant’s activity remained relatively stable, with a slight decline to 40% in October, mirroring the general trend but not as pronounced as the Chinese plant. There is no clear link between this plant’s activity and the provided news articles.
Given the steady increase in activity at Kardemir Celik Sanayi Izmir and the Indian trade deal discussions, steel buyers should:
- Explore diversification: Consider Turkish steel (Kardemir Celik Sanayi Izmir) as an alternative supply source given its increasing output.
- Monitor Chinese market: Closely monitor Bengang Steel Plates Co., Ltd’s production trend and its potential impact on regional steel prices.
- Anticipate potential Indian demand increase: Factor potential increases in demand, as India’s trade deals potentially materialize.