Sheet steel supply is easing for distributors in Thailand and Vietnam with higher import from China and Russia while the supply is still tight for major users including automobile and appliances. The market is contrast between commodity products and high valued products. The prices for contract users could increase more while the spot market price is decreasing after it reached around 850 US dollars per tonne. The distributors and users are reluctant buy commodity grade sheet steel when the price mood changed from continuous increase. The market participants try to find if the market could rebound soon or could be suffered from long-term easy supply.
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