International Steel Prices
October 23, 2016
Comments from Asia
Written by John Packard
One of our key Asian steel and commodity trading sources has provided SMU with details about the Chinese steel markets as well as what is happening in Asia,including comments about the circumvention suit which involves Vietnam:
Export offers from China have basically risen by USD20/mt in the past two weeks, and it has become a regional market for China, meaning S.E. Asia the past 2 months as even with the increases, no one can compete with Chinese prices in S.E. Asia.
