Plant builder SMS group anticipates the political framework in the USA and India will keep facilitating investment in metallurgical plants.
"Many customers are currently reviving projects that had been put on hold and investing in new plant technology," it says with reference to the regional recovery from the coronavirus pandemic. In China, especially, activity has returned toper-pandemic levels, it says.
In the USA, mills are benefiting from Section 232 trade restrictions, resulting in peak price levels for steel, with profits invested in new equipment, SMS chief executive Burkhard Dahmen said at an online press conference on Wednesday. "For us, the USA are the largest single market, and will remain so for quite a while," he told Kallanish.
In India, the industry has received a boost from Prime Minister Narendra Modi's economic program that provides tax advantages for plants that will start operating by March 2023. Under this framework, SMS secured two orders for hot-rolling mills, Dahmen said. He described the country's recession under the coronavirus pandemic as "V-shaped", with an upward move already in progress, powered by the government's incentives.
Last year the group gave its strategy a stronger regional focus, which it says assures greater proximity to markets, and has already been bearing fruit. Dahmen observes an openness of all regions to the use of remote tools, which "we had to learn the hard way "amid travel restrictions under Covid-19. In the case of Steel Dynamic's new plant in Texas, "the customer could not send staff, but participated remotely in classroom training carried out at SMS", Dahmen added.
Short comments: The investment of large companies in steel mills is to reduce the cost of steel in the future, and also alleviate the current shortage of steel resources in the market, which has a positive impact on the price of drum closure and drum cap seal in the future.
Turkey Suspends Exports Of Hot Rolled Coils And Purchases Cold Rolled Coils From ChinaJuly 1, 2022Import indications from Spain and Italy have reached $1,080/tonne fob, excluding duties for the highest-duty-paying producer, meaning others can sell at $1,100-1,110/t fob, aparticipant says. Although...view
Zhang Lifeng: Revitalizing Waste Steel DrumsJune 30, 2022How will iron drums and plastic drums containing industrial raw materials and chemical agents be handled? In the past, such waste barrels were generally no longer reused, which not only caused waste, ...viewIs it Better to Tighten the Barrel Plug and Bolts of Steel Drum Enclosure as Tight as Possible?May 12, 2023Closed steel drums have threaded plugs, while open steel drums have nuts on the drum hoops with bolts. Some factory inspectors will tighten loose plugs or bolts during regular inspections, thinking th...view
Jiande Xuheng Innovative Robot Into The Steel Barrel Production Line, Simple And Fast, Smooth Silk!June 30, 2022Every time go out for a walk, will find the enterprise in the production automation and intelligent innovation and improvement.In May, I went to Tianjin and saw Tianjin Mingbo's newly developed in...view
The Perfect Solution for Safe and Secure Drum StorageNovember 11, 2023Whether you’re working in a chemical, pharmaceutical, or food processing industry, you know how important it is to properly store and transport your products. And when it comes to drum storage, the c...view
How Drum Cap Seal Manufacturers Ensure Product Safety and IntegrityFebruary 5, 2024In today's fast-paced world, the need for secure packaging solutions has become paramount. When it comes to industries dealing with liquid or solid materials in large quantities, such as chemicals...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
