Southeast Asia’s burgeoning steel capacity weighs on steel traders amid demand concerns
Rising steel capacity in Southeast Asia, especially in Indonesia, Malaysia and Vietnam, have started to draw concerns among steel traders in the region and major exporter China, especially since the oversupply of steel in the region has worsened due to a slowdown in demand.
Traders told Fastmarkets that demand in Southeast Asia was already under pressure due to geopolitical tensions across the globe as well as economic factors such as rising inflation and interest...
