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29 Apr
15:57

ASEAN faces 'gross' steel oversupply: SEAISI

Southeast Asian steel demand is expected to rise this year amid uncertainties but faces the issue of gross oversupply. Like the rest of the world, the region’s economic recovery to pre-Covid-19 levels hinges on the success of efforts to rein in the pandemic and investments to kick-start economies, South East Asia Iron & Steel Institute (SEAISI) secretary general Yeoh Wee Jin said at the recent Kallanish Asia Steel Markets 2021 conference. Steel consumpt…
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