Energy sector to bolster steel plate prices in H2, top Japanese mill says

The energy sector will play a major role in bolstering steel plate prices in the remaining months of 2019, a source close to a leading Japanese steelmaker told Fastmarkets this week.

“There has been a surge in demand from end users in the energy sector, including major oil and gas companies,” the source said.
The demand for steel plates is coming from oil and gas projects in the Sea of Mexico, Australia, Southeast Asia and the North Pole.

“This is in line with stable crude oil prices so demand from [the energy] segment is...


Paul Lim

August 01, 2019

14:40 GMT