A round-up of the flat steel market in South East and South Asia

In Southeast Asia, slab prices edged down early this month due to low demand and plentiful supply. Demand in the region is set to remain weak in the short term due to the uncertainty caused after 25% tariff on the US imports which affected various markets, particularly Asia. Meanwhile, demand in Malaysia and Indonesia remained
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European steel market remains subdued, and is trying to curb imports

Flat steel prices in Europe have softened due to high imports and inventory levels, and expected to decline in the short term due to less buying activity in the market. Buyers are in a wait and see mode as uncertainties in the European markets are looming since the US extended the exemption of 25% tariff
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The Asain flat steel market remains mixed in March

The imposition of 25% tax by the US administration on steel imports is going to affect some Asian markets directly or indirectly. Among others, India is not going to be affected much in term of exports as the country’s steelmakers had already been facing many trade barriers and duties in the US. However, the Indian
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US grants exemption on steel tariffs to EU and four other countries

The Trump administration has decided to grant a temporary exemption to the EU, Argentina, Australia, Brazil, Canada, Mexico and South Korea from the punitive tariffs. However, this exemption is temporary, and the terms will be negotiated on a country by country basis. One of the points in the negotiation would be to ally with the
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US tariffs on steel imports will distort the steel market globally

The 25% tariff on steel imports announced by the US President on March 8th and is due to be implemented from March 23rd has already provoked reactions in the US and elsewhere. There has been opposition from both the opposition and GOP against this move due to concerns that it could end up harming US
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Flat steel market remained quite in major markets in February

Due to the Chinese New Year and subdued end-users demand, the steel market has remained quiet in China, with much less price variation in February compared to the preceding month. Some buyers have been following the wait-to-see approach and drawing on inventories before the festival season. In fact, some producers had already stopped the production
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A quick overview of the global flat steel market

Current Market Conditions: Flat steel prices increase in most markets After almost five months of the price hike, flat steel prices decreased through most of January in China. As the winter goes by, some of the end user demand cools down, but stocks at distribution centres are still high. Moreover, ahead of the upcoming Chinese
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