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Try the Free AI Search EngineIndia-Israel FTA Finalized: Asia Steel Market Set for Trade Boost, Iran Plant Remains High
The Asian steel market is poised for positive growth, particularly with increased India-Israel trade. This outlook is supported by the news articles “Goyal Leads 60-Member India Inc Delegation To Israel For Big FTA, Trade Push” and “India, Israel Finalise Terms For Trade Deal; Piyush Goyal Sees Big Boost To Ties,” highlighting strengthened economic ties between the two nations. No direct relationship between these developments and satellite-observed plant activity could be established with the available data.
The Mean Steelplant Activity in Asia saw an initial rise from May to August (1% to 40%), followed by a decline in September and October, reaching 23%. The Natanz Steel Company Isfahan plant in Iran consistently operated at high levels between June and October (77-78%). Kalyani Steels Hospet plant in India showed stable activity between June and October (61-63%). The Erdemir Eregli steel plant in Türkiye exhibited high activity initially (77% in June), gradually decreasing to 50% by October.
The Natanz Steel Company Isfahan plant, a DRI-based EAF steel plant with a 1 million tonne crude steel capacity focused on semi-finished and finished rolled products, particularly rebar, consistently showed high activity levels (77-78%) from June to October. No direct connection could be established between this sustained high activity and the news article “Bundesregierung hebt Beschränkungen für Rüstungsexporte nach Israel auf“, despite the regional implications of the described arms export policy shift.
Kalyani Steels Hospet plant, an integrated BF and DRI-based plant in India producing 860,000 tonnes of crude steel, showed stable activity levels between 61% and 63% from June to October. The plant caters to various end-user sectors, including automotive and construction. The observed stability does not directly correlate with the news of the India-Israel FTA in “India, Israel Finalise Terms For Trade Deal; Piyush Goyal Sees Big Boost To Ties,” though the improved trade relations may have a delayed positive impact.
Erdemir Eregli steel plant, an integrated BF-based plant in Türkiye with a 4 million tonne crude steel capacity focusing on flat steel products, saw a decrease in activity from 77% in June to 50% in October. This decline does not appear to be directly related to the India-Israel FTA or the German arms export policy based on the available information.
Evaluated Market Implications:
Based on the finalized India-Israel FTA, potential for increased steel demand from India is likely, driven by Israeli companies seeking manufacturing hubs.
Procurement Actions: Steel buyers should closely monitor Indian steel prices and secure supply agreements with Kalyani Steels and similar producers to capitalize on potential export opportunities resulting from the India-Israel FTA. Buyers should also consider diversifying their supply base to mitigate risks associated with the decreasing production at the Erdemir Eregli steel plant.