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.
Benefits and Advantages of Plastic Barrels and IB Ton BarrelsNovember 10, 2023Plastic barrelsAre you looking for barrels that can store chemicals, food, drugs, etc.? Polyethylene barrels, also known as plastic barrels, are a great choice for you. Here are some things you need t...view
Please Keep These Points in Mind When Handling Dangerous Chemicals!July 1, 2022On June 12, a vehicle leaked while unloading methyl formate from Sanqiang Xingxing Chemical Trading Co., Ltd. in Guiyang, Guizhou province, killing eight people and injuring three others, once again a...view
The Use Of Brown Control Bottle And Transparent Control BottleJuly 4, 2022The brown control bottle is literally understood as a control bottle with a brown body color. Its characteristic is to avoid the corrosiveness of light. Although the color is brown, the brown control ...view
Performance requirements of various parts of cold heading machineJuly 4, 2022(1) The connections between the crankshaft and the body and the impact connecting rod are all connected by high wear-resistant alloy copper tiles, which have large bearing capacity, long service life ...view
Brand Idea Of China OilJuly 1, 2022Offline set the central area and the local area, 19 and the provinces, autonomous regions and municipalities directly under the central enterprises and more than 500 famous brand enterprises to attend...view