Russia has made a number of proposals that should interest Southeast Asia in placing orders for rolled metal, since prices for hot rolled steel in this region may also recover in the near future.
In fact, while Russia has been doing its best to get orders in the Asian market since prices in India have been reasonably competitive, most companies have already met their purchasing targets in the short term.
However, lower hot coil prices in India appear to have already bottomed out due to rising iron ore prices.
Since the US recently cut its interest rates in the past, many countries have tried to follow this trend, which will push the iron ore price up in the future, and the time for recovery will be determined by market demand.
Russia tries to sell rolled metal products in Southeast Asia
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Azovpromstal® 20 September 2019 г. 09:47 |
