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Try the Free AI Search EngineChina Steel Market: EU Trade Measures Impacting Select Plants Amid Overcapacity Concerns
China’s steel sector faces mixed signals as the EU imposes anti-dumping measures, potentially influencing domestic production strategies. The activity decrease observed at Fujian Sanbao Steel in October aligns with these developments. However, no direct relationship between plant activity and the following news articles: “EU Commission implements anti-dumping measures on two Steel Derivatives“, “EU Commission introduces anti-dumping measures against two steel derivatives“, “Excess production capacity and protectionism affect European metallurgy“, “Overcapacity, protectionism impact European steel“, “European Commission Unveils Major New Trade Measure to Shield EU Steelmakers Amid Global Overcapacity and Accelerate Green Transition“, “EU imposes Chinese screws, track shoes AD duties“, and “EU underestimates new safeguard measure price impact” could be explicitly established given the information provided.
Overall, the mean steel plant activity in China experienced a marked decrease in October, falling to 25.0% after remaining relatively stable around 44% between July and September.
Fujian Sanbao Steel Co., Ltd., an integrated BF steel plant in Fujian province with a crude steel capacity of 4.62 million tonnes, primarily produces finished and semi-finished rolled products, including high-strength fasteners. Its observed activity decreased from 30% in September to 27% in October. No direct relationship between this activity decrease and the named news articles could be established.
Angang Steel Co., Ltd. Bayuquan branch, a major integrated BF steel plant in Liaoning province with a crude steel capacity of 6.5 million tonnes, specializes in container steel and ship plate. The plant has shown consistently high activity levels, increasing slightly from 74% in May to 77% in October, significantly above the Chinese average. No direct relationship between plant activity and the named news articles could be established.
Bengang Steel Plates Co., Ltd., another integrated BF steel plant in Liaoning province, boasts a substantial crude steel capacity of 12.8 million tonnes, focusing on automotive and home appliance plates. Its activity experienced a decrease to 40% in October, coming from 45% in September and a peak of 52% in July and August. No direct relationship between plant activity and the named news articles could be established.
The EU’s imposition of anti-dumping duties on Chinese screws and bolts, as reported in “EU Commission implements anti-dumping measures on two Steel Derivatives”, “EU Commission introduces anti-dumping measures against two steel derivatives”, and “EU imposes Chinese screws, track shoes AD duties”, may lead to reduced demand for related semi-finished products from plants like Fujian Sanbao Steel, impacting future production. Given EUROMETAL’s call in “EU imposes Chinese screws, track shoes AD duties” to include steel derivatives in safeguard measures, steel buyers should closely monitor the import policies regarding steel derivatives, from Chinese and non-Chinese providers, and assess their supply chain vulnerabilities, especially if sourcing fasteners or related products.