The hot rolled steel market in Asia is still showing no signs of growth. While prices rose due to production cuts in four provinces of China: Guangdong, Guangxi, Sichuan and Shandong, uncertainty in China's steel export tariffs and lower demand due to the lockdown in Southeast Asia remained weak in the market.
Vietnam is the main driver of demand for hot rolled steel. However, the market has slowed due to the worsening epidemic in Asia. Fortunately, the issue of production cuts in China has recently stabilized, while the isolation of Malaysia and Indonesia has eased slightly, so it is worth seeing if these two advantages will drive prices up.
Hot rolled steel prices in Asia remain unchanged
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Azovpromstal® 7 September 2021 г. 11:37 |
