Steel Price Movements: Will Chinese weakening prices affect prices in SE Asia

摘要

Steel demand continued to improve in many regions of the world since July. Developing countries, in particular, are enjoying improving real demand, especially in Asia and Middle East. China's domestic demand was very strong in July, but signs of weak demand started to appear in August. Inventory levels in China began to build up since August. Inventory levels in September are expected to remain high, resulting in a continuous fall in steel prices in the country amid steel prices moving upward in other regions.