From the Field to the Dashboard – Built by Experts, for Experts.
Discover What's Really Happening in the Steel Industry
Use the AI-powered search engine to analyze production activity, market trends, and news faster than ever before.
Try the Free AI Search EngineAsia Steel Market: Nvidia’s China Comeback Fuels Optimism Amid Stable Production
Asia’s steel market sentiment remains positive, potentially boosted by recovering Chinese demand. The optimism is partly fueled by news that “Wall Street Cheers Nvidia’s Return To China AI Market,” and “Nvidia zieht an, Meta, Microsoft & Co folgen“, although no direct correlation to the observed steel plant activity has been established. Increased activity in energy, tools, and machinery could further be supported through steady steel supply.
Observed monthly activity across selected plants in Asia shows the following trend:
The mean steel plant activity in Asia experienced a peak in May (43%) followed by a decline to 26% in July.
Chengyu Vanadium & Titanium Technology Co., Ltd., a Chinese integrated steel plant with a 6,000ktpa BOF capacity focusing on vanadium-containing hot-rolled ribbed steel bars, showed relatively stable activity. From February to June, activity fluctuated between 44% and 46%, before experiencing a slight dip to 43% in July. No connection between this marginal reduction and the provided news articles could be established. The responsible Steel Certification suggests this plant is prioritizing sustainable steel production.
Lloyds Steel Industries steel plant in India, an electric arc furnace (EAF) based plant with a 641ktpa crude steel capacity and 270ktpa DRI capacity, exhibited a consistently increasing activity level from 80% in February to 87% in June, marking the highest activity among the observed plants. In July activity data is not available. The plant produces slabs, cold rolled coils, and sheets, targeting the energy, tools, and machinery sectors. No direct link between the increased activity, driven by electric-based steel production, and the provided news articles can be established. The responsible Steel Certification suggests this plant is prioritizing sustainable steel production.
KSP Steel Pavlodar steel plant in Kazakhstan, an EAF-based plant with an 800ktpa crude steel capacity, has shown relatively stable activity around 56-57% between January and July. Its product portfolio includes billets, pipes and rebar. No explicit connection can be drawn between the activity levels and any specific events mentioned in the provided news articles. The responsible Steel Certification suggests this plant is prioritizing sustainable steel production.
Given the increasing activity at the Lloyds Steel plant (India) producing slabs and cold rolled coils, steel buyers in the energy, tools, and machinery sectors should explore opportunities to secure supply contracts. This is particularly relevant considering the overall positive market sentiment in Asia, partly fuelled by recovery in technology sectors. The observed dip in mean activity from May to July might be indicative of localized fluctuations rather than a broad downturn.