Slab import prices in Asia steady amid intensifying US-China trade row

Import prices for steel slab in Southeast Asia and East Asia were flat during the past week, although market sentiment became more bearish after trade tensions between China and the United States escalated, market sources said.

China’s Ministry of Finance announced last week that it would impose import tariffs of 5-10% on US products in stages from September 1. “The worsening trade situation is likely to weigh on prices in the steel markets in the near term,”...

Published

Lee Ken Kiat

August 26, 2019

12:23 GMT

Singapore