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Try the Free AI Search EngineAsia Steel Market Surges Amid Singapore’s Green Energy Push & Stable Production
Asia’s steel market presents a positive outlook, influenced by Singapore’s ambitious energy transition plans and stable steel production across key plants. This assessment is informed by the following factors: Singapore’s commitment to decarbonization, highlighted in news articles such as “Singapore holds net-zero commitment despite IMO delay” and “Singapore’s MPA affirms net zero commitment: Correction,” signal a future increase in demand for specialized steel in green energy infrastructure. No direct relationship between these articles and the provided steel plant activity data could be established.
Measured Activity Overview
The mean steel plant activity in Asia experienced some volatility, peaking at 40% in August 2025 before dropping to 23% in October 2025. JSPL Chhattisgarh saw a steady decline from 26% in May to 20% in October. Inner Mongolia BaoTou Steel Union Co., Ltd. showed a steady increase, from 28% in May to 36% in October, exceeding the Asian mean in the last month. Ramsarup Lohh Udyog, consistently operated at very low activity levels.
JSPL Chhattisgarh steel plant, an integrated steel plant in Chhattisgarh, India with a 3.6 million tonnes per annum (ttpa) EAF-based crude steel capacity alongside DRI and BF capacity, has shown a consistent decline in activity, dropping from 26% in May to 20% in October 2025. This decline cannot be directly linked to any of the provided news articles.
Inner Mongolia BaoTou Steel Union Co., Ltd., a major integrated steel producer in Inner Mongolia, China, with 17.5 million tonnes per annum (ttpa) BOF-based crude steel capacity, has steadily increased its activity from 28% in May to 36% in October 2025, exceeding the Asian mean activity of 23% for that month. The expansion does not have a direct link to the named articles.
Ramsarup Lohh Udyog West Bengal steel plant, an integrated plant in West Bengal, India, with DRI and BF iron making route, had very low activity levels throughout the period, with the highest level at 4% in October. This low activity cannot be directly linked to any of the provided news articles.
Evaluated Market Implications
Singapore’s proactive approach to diversifying its energy sources, as highlighted in “Singapore eyes geothermal, nuclear to widen energy mix” and its commitment to LNG procurement, as stated in “Singapore’s GasCo to start buying LNG in 2026,” points to a long-term increase in demand for high-quality steel used in energy infrastructure and LNG transport.
Recommendations for Steel Buyers and Analysts:
- Monitor Singapore’s Energy Transition: Given Singapore’s net-zero goals and diversification of its energy sources, procurement teams should monitor developments in renewable energy and LNG infrastructure projects within Singapore, in order to anticipate increased demand for specialized steel grades in the medium to long term.
- Focus on High-Quality Steel Suppliers: As Singapore advances towards net-zero, prioritize suppliers that can deliver high-quality steel compliant with stricter environmental regulations.
- Evaluate Inner Mongolia BaoTou Steel Union Co., Ltd.: Considering the rise in activity at Inner Mongolia BaoTou Steel Union Co., Ltd., steel buyers should consider this plant as a potential supplier to ensure a stable supply, especially for plate, seamless steel tube, heavy rail profile, and wire products. No link to news available.