Southeast Asia imports of Japanese steel rise

May 20, 2013 | 08:07 AM | Weilyn Loo

Tags  Japanese steel, steel exports, Southeast Asia imports, Chow Chong Long, South East Asia Iron and Steel Institute, Credit Suisse Group

SINGAPORE — The weaker yen has led Southeast Asia to import more Japanese steel products, particularly higher-grade product not produced by the region, according to Chow Chong Long, chairman of the South East Asia Iron and Steel Institute.

Chow didn’t provide any figures, but pointed out that the weaker yen caused the pricing gap between Japanese and Chinese steel products in the import market to narrow significantly, to $30 per tonne from about $60 to $80 per tonne previously. ....

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