Energy sector, public infrastructure projects to bolster 2020 Asian steel plate prices, Japanese mill says

Stronger demand from the energy sector and additional government spending on infrastructure will provide a boost to steel plate prices in Asia next year, a source close to a leading Japanese steelmaker told Fastmarkets this week.

The headwinds experienced in the region this year, such as the weak construction sector in Singapore and political uncertainty in Indonesia, were expected to ease, the source said. Demand from Indonesia was expected to improve because of the Indonesian government’s decision not to impose anti-dumping duties...

Published

Lee Ken Kiat

October 17, 2019

14:20 GMT

Singapore