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 Reacts Positively to US-China Trade Deal Amidst Fluctuating Plant Activity
Asia’s steel market sentiment is positive following news of a trade agreement between the US and China. The agreement, described in “Handelskonflikt: Neue Einigung zwischen Trump und China” and “USA und China unterschreiben Handelsvereinbarung“, sparks optimism after previous concerns about trade tensions. Satellite data shows variable activity across key steel plants in the region; however, direct connections to the newly announced trade deal remain unconfirmed at this time.
The average steel plant activity in Asia declined significantly in June to 30.0%, reflecting a broad regional decrease, while individual plants showed variable activity.
Baosteel Desheng Stainless Steel, an integrated BF-BOF plant in Fujian, China, with a crude steel capacity of 3410 ttpa and known for its stainless steel production, experienced a decrease in activity from 53.0% in January to 51.0% in June. While Baosteel Desheng’s activity levels decreased slightly, they remained above the mean activity level across all observed plants in Asia in all months except June. No direct correlation to the cited news articles can be established based on the available data.
Guangdong Jinshenglan Metallurgical Technology, an electric arc furnace (EAF) plant in Guangdong, China, producing special steel with a capacity of 1200 ttpa, operated near peak capacity throughout the period, reaching 100% in June. This high activity contrasts with the overall Asian mean. This plant’s consistent high activity level, even amidst broader market fluctuations, suggests strong demand for its specialized steel products. No direct correlation to the cited news articles can be established based on the available data.
GHC Emirates Steel Industries’ Abu Dhabi plant, an integrated DRI-EAF facility with a crude steel capacity of 3500 ttpa, producing rebar, wire rod, and sections, saw activity fluctuate slightly, remaining high throughout the observed period, ending at 90.0% in June. Its activity consistently exceeded the Asian average. No direct correlation to the cited news articles can be established based on the available data.
Given the positive market sentiment following the US-China trade agreement and the consistently high activity at Guangdong Jinshenglan Metallurgical Technology, steel buyers should:
1. Closely monitor price fluctuations in the special steel market, particularly for products sourced from Guangdong Jinshenglan Metallurgical Technology, given their demonstrated ability to operate at full capacity even during periods of broader market uncertainty.
2. Conduct thorough due diligence on suppliers who are involved in US-China trade, especially those dealing with rare earth elements. This is crucial to navigate potential disruptions as highlighted in “Handelskonflikt: Neue Einigung zwischen Trump und China“.