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Try the Free AI Search EngineAsian Steel Market Surges Amid Trade Deals; Izmir Plant Hits Peak
The Asian steel market shows strong growth potential, fueled by ongoing trade negotiations and robust plant activity. The news articles “India, EU Discuss Positive Resolution Of Outstanding Issues Of Trade Deal” and “India-US Trade Deal: Farmer, MSME, Fisherfolk Interests To Be Protected, Says Piyush Goyal” suggest potential increases in demand due to reduced trade barriers. However, a direct relationship between these negotiations and recent observed plant activity levels cannot be explicitly established from the available data.
The data shows a generally decreasing mean steel plant activity in Asia from May (43.0%) to October (23.0%). Kardemir Celik Sanayi Izmir steel plant shows a consistent increase, reaching 100% activity in October, significantly above the Asian average. Bengang Steel Plates Co., Ltd. shows a peak in July/August (52%) before declining to 40% in October. Asil Celik Orhangazi steel plant shows relatively stable activity, with a slight decrease from April (45%) to October (40%).
Kardemir Celik Sanayi Izmir steel plant
Located in İzmir, Türkiye, Kardemir Celik Sanayi is a steel plant with an EAF-based production of 1,250 ttpa crude steel, focusing on finished rolled products for sectors including automotive and building infrastructure. The plant’s activity has steadily increased from May to October, reaching 100%, a high point. This peak in production does not appear to have a direct relationship to the news article titled “Protecting Interests: Decoding India’s Stance In US Trade Negotiations.”
Bengang Steel Plates Co., Ltd.
Bengang Steel Plates Co., Ltd., located in Liaoning, China, is an integrated steel plant with a BF-BOF process and a crude steel capacity of 12,800 ttpa, producing automotive plates and other products. Activity peaked in July/August at 52% but decreased to 40% in October. This reduction in activity does not appear to have a direct relationship with any of the provided news articles.
Asil Celik Orhangazi steel plant
Asil Celik Orhangazi steel plant, located in Bursa, Türkiye, has a 550 ttpa crude steel capacity, utilizing EAF technology to produce crude, semi-finished, and finished rolled products. The plant has exhibited a stable activity level, fluctuating between 40% and 46% during the observed period, ending at 40% in October. A direct connection to any of the trade-related news articles cannot be established.
Evaluated Market Implications:
The consistently high activity at Kardemir Celik Sanayi Izmir steel plant (100% in October) suggests a possible localized oversupply of finished rolled steel products in the Turkish market. Conversely, the observed decline in activity at Bengang Steel Plates Co., Ltd. might signal a potential tightening of supply for automotive plates in China.
Recommended Procurement Actions:
- Steel Buyers focused on Finished Rolled Products in Türkiye: Closely monitor Kardemir Celik Sanayi Izmir steel plant’s output and inventory levels for potential downward price pressure. Negotiate contracts with flexibility to capitalize on any price dips in the near term.
- Steel Buyers in the Chinese Automotive Sector sourcing steel plates: Closely monitor the Chinese steel market for supply constraints and potential price increases stemming from reduced activity at Bengang Steel Plates Co., Ltd. Consider diversifying suppliers or securing forward contracts to mitigate risks.