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Asia Steel Markets points to complex future

Asia Steel Markets points to complex future (April 11, 2024)

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Kallanish held its Asia Steel Markets 2024 conference in Ho Chi Minh City on 27-28 March. Confidence in markets this year was not strong, but participants also highlighted opportunities in the significant structural changes coming to the sector in the next decades.

In the short term, changing trade flows, tax evasion, and uncertainty of Chinese policy remain the key concerns. In the longer term, decarbonisation and the resulting trade barriers and subsidies were the focus. New investments meanwhile are increasingly also looking at new technologies, with great opportunities for engineering firms.

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