15
Jul
14:59
ASEAN steel players mull freefalling prices, consequences
ASEAN steel markets are very quiet as buyers and traders continue to watch with trepidation the rapid steel price erosion of recent weeks. Market players are bracing themselves for further price declines because there are no positive signs that could bolster market sentiment or demand, Kallanish notes.
Speculative traders have been blamed for driving regional prices down quickly because of short-selling. Regional mills are also facing very weak domestic …
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Anonymous
Very good overview of the weekly steel market.
Anonymous