SteelMint is organizing 4th Steel Scrap, Billet & DRI Summit in Bangkok, Thailand from 27-29 Aug’19. The conference aims to understand the current ferrous scrap trade flows and ongoing price & demand-supply dynamics.
The conference began today with opening remarks from Mr. Rajiv Mangal – President & CEO, Tata Steel Thailand.
He indicated that with upcoming construction projects and metro projects, Thailand steel industry is expected to see demand boost up from Jan’2020. Other key highlights of his presentation were.
Will china steel exports remain at 70 MnT? China and India are the major steel markets the world keeps eye on and both of the countries have been witnessing declining of auto exports since past few months while Indian flat steel production has dropped sharply on lowering auto production. So will China’s steel exports remain at 70 MnT?
Iron ore market observed a sharp change in supply-demand – post vale dam collapse supply of iron ore has disrupted and prices shot up to USD 120/t end July. While prices have moved down by USD 35/t to USD 85/t CFR. It would be interesting to look where Iron ore and coal prices likely to settle, they added.
Graphite Electrode has witnessed reduced consumption in 2019 along with other significant changes. However, China is witnessing considerable capacity additions of EAF mills, we may see change in GE prices turn positive again, but it remains interesting to be seen if it matches the 2017 in the foreseeable future.
Thailand’s government puts a ban for further capacity addition and with anti-circumvention duties to support the industry. However, the government is working on bringing infrastructure changes in airports, metro stations in pipeline. This is expected to boost country long steel demand.
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