Seasonal slowdown, severe weather conditions in Asia to push steel prices down

The dismal steel market in Asia has experienced weak demand and bearish sentiment in recent months. Now, it is set to slow down in June as countries enter summer.

Extreme weather conditions and higher electricity costs this year are set to push steelmakers to make more severe production cuts, sources told Fastmarkets. In fact, some mills may even stop offering...


Norman Fong

Olivia Zhang

Shu Yi Zheng

Nabilah Awang

May 25, 2023

08:39 GMT

Singapore, Shanghai