Email Us

Indian Steel Mills Have Benefited Only Modestly From China's Energy Crisis

Indian Steel Mills Have Benefited Only Modestly From China's Energy Crisis

The benefits to Indian mills of higher Chinese steel prices resulting from curbs on Chinese production and/or higher energy costs will be limited on account of high logistics costsand challenges such as container shortages. So says India Ratings &Research (Ind-Ra).

"The [environmentalpolicy-driven] fall in China's steel output and India's imports of intermediatesteel products would benefit Indian steel players by way of lower import risksand greater export opportunities," Ind-Ra says in a note. "Thechanges in China's energy policy related to the price band for power couldcause a key structural shift within the sector, thereby supporting steel prices in the international as well as domestic markets."

Lower Chinese exports, prevailing trade tensions between China and the West, the Bidenadministration's proposal for a $2 trillion infrastructure bill, and healthy EUsteel demand should prove beneficial for Indian steel players, the credit rating agency observes.

Despite the energy crisis, China is unlikely to relax import restrictions on Australian coal in order toease supply. There are approximately 4-5 million tonnes of thermalcoal, as well as additional coking coal in Chinese ports originating in Australia that cannot be cleared.

Short comments: due to the electronic limited policy in China, the steel price are increasing, as well as the exchange rate of USD-CNY is decreasing, we are about to adjusting the product price next week.

Popular Drum Barrel Fittings

Related Drum Accessories and Fittings News & Blog

  • The Main Contents Of The Four Sessions Of The Standing Council Of China Packaging FederationThe Main Contents Of The Four Sessions Of The Standing Council Of China Packaging FederationJuly 1, 20221. Examine and approve the workReport of Han Xueshan, Vice President and Executive Secretary General of China Packaging FederationHan Xueshan's work report summarizes the work done in the first ha...view
  • Types, Functions And Materials Of Transport PackagingTypes, Functions And Materials Of Transport PackagingJuly 1, 2022According to the level of packaging, one-piece packaging: also known as small packaging, individual packaging, is used to pack the packaging of goods, usually and commodities form a whole, in sales di...view
  • The Process of the Drum flangeThe Process of the Drum flangeMay 26, 2023The production process is mainly divided into forging, casting, cutting, rolling these four kinds. (1) Casting flange and forging flangeCasting out of the flange, blank shape size is accurate, process...view
  • Drum Liners for Steel DrumsDrum Liners for Steel DrumsApril 27, 2023Drum liners are an essential component for many industrial applications that require the transportation or storage of liquid or powdered materials. When it comes to steel drums, drum liners are partic...view
  • Oil Standard For Construction MachineryOil Standard For Construction MachineryJuly 1, 2022Construction machinery oil refers to the lubricating oil specially used for large excavators, loaders, hoisting machines, forklifts, cranes, concrete mixers, road rollers and other large machinery equ...view
  • How To Remove The Red Plastic Cap SealHow To Remove The Red Plastic Cap SealJune 30, 20221. First, using plier to clamp one ear of the red plastic cap seal.2. Second, pull up the ear along with the sealing line.3. After the sealing line is totally pulled up, the cap seal can be removed fr...view
No.58 Qinjian Road, Hengshan Industrial Park, Shouchang Town, Jiande City, Zhejiang Province, China