16
Feb
09:20
Southeast Asian capex dip to hit steel demand
Southeast Asia’s steel industry has long borne the brunt of China’s steel exports and been one of the key hopes for steel demand growth. Economic underperformance and inefficient investment threaten to limit its potential in the short term however, Kallanish notes.
Recent reports suggest corporate capex is likely to slump sharply in 2016 on low commodity prices and weak local currencies. With low oil prices a key driver, this is likely to impact the …
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Anonymous
Very good overview of the weekly steel market.
Anonymous