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.
What Are You Waiting For? CPLF Annual Chemical Packaging Conference Is Ready!June 30, 2022The 8th CPLF (2021) chemical packaging, storage and transportation forum and product exhibition and exchange conference hosted by Enmore will be held in Suzhou from November 11 to 12, 2021.CPLF 2021 w...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 Evolution and Advancement of Eco-Friendly PackagingDecember 15, 2023Compared with international advanced level, Chinese packaging technology is backward, so to improve packaging level, we should start with improving packaging technology, and increase the capital inves...view
The Temperature Of The Spray Room And Drying Room Should Be Strictly ControlledJuly 4, 2022With the constant change of temperature and humidity, the evaporation rate of water will also be affected by the temperature and produce a certain degree of fluctuation, so the relevant personnel only...view
Tutorial: Type Of Metal Packing Steel Drum ClosureJuly 1, 2022The top of the steel barrel should be set according to the type of opening, the mouth of the barrel or called the seal, the purpose is easy to open, easy to use, and to ensure that the contents do not...view
Do Steel Drum Manufacturers Need To Develop Emergency Plans For Hazardous Waste? How To Make It?July 1, 2022Article 112, Item 12 of the "Law on the Prevention and Control of Environmental Pollution by Solid Wastes" stipulates: in violation of the provisions of this law, "if no hazardous waste...view
EN
ko 
fr 
de 
es 
it 
ru 
pt 
ar 
vi 
th 
