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.
The Development Trend and Use of Closed Steel DrumsAugust 7, 2023With the further deepening of China's opening up to the outside world, the national standard steel drum has been restricted in export packaging. In recent years, a number of steel drum enterprises...view
Various Kinds Of Drum Closure GasketsJuly 1, 202210. NR natural rubber sealing ringRubber products have good wear resistance, elasticity, tensile strength and elongation.But in the air is easy to aging, hot sticky, easy to expand and dissolve in min...view
The Fluctuations Of Steel Price Is Related To The Economic Development CycleJune 30, 2022The development and changes of things are inseparable from the cycle. Under the condition of market economy, the law of economic development is of great significance to study the changes of the market...view
Manufacture and Processing of Cold Rolled SteelJuly 7, 2023Cold rolled steel is steel produced by cold rolling. Cold rolling is the further thinning of No.1 steel plate to the desired thickness at room temperature. Compared with hot-rolled steel plate, cold-r...view
Drum Covers and Lids Buyer's GuideJune 30, 2023Before choosing wholesale drum covers and lids such as a 55 gallon drum cover or 55 gallon drum lid, know where your drums are to be stored, outside or inside. Storing drums outside the plant saves va...view
The Second Green Packaging Innovation Application Forum And Exhibition Coming in DecemberJune 30, 2022With China's "double carbon" goal, policy advocacy of circular economy and green packaging and the continuous strengthening of consumers' awareness of environmental protection, the p...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
