Returning manufacturing demand supporting Asian CRC, HDG prices - Japanese steelmaker

Returning demand for cold-rolled coil and hot-dipped galvanized coil from downstream manufacturers in Asia will support prices in the near term, a source at a major Japanese steelmaker told Fastmarkets this week.

“Many electronics and electrical appliance manufacturers are increasing their production rates after the height of the Covid-19 pandemic, so the market situation will continue to improve,” the source said.
This is being supported by robust demand in the Chinese market for flat steel products, especially with both domestic and export prices increasing rapidly.

“There is...

Published

Paul Lim

September 21, 2020

09:04 GMT

Singapore