23
May
12:38
Philippines steel industry grapples with smuggling
Steel smuggling into the Philippines continues to hurt the local industry, Kallanish learns. While the situation is a perennial one, the situation is worse when steel prices are high because then there is motivation to take such risk for higher profits, local participants said on the sidelines of the SEAISI 2023 conference in Manila this week.
The smuggling of steel products, mostly from China, can come in the form of the under-declaration of the true value of imp…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous