Chinese and Indian Steels Launch a Trading Offensive to Countries in South-Eastern Asia

Swing of currency caused by money-easing by United States changes iron and steel sheet trade situation in Asia. India is increasing exports due to cheap rupee, and China is expanding imports because of dull domestic demand and excess steel making capability. south-eastern Asia market is impacted. In south-eastern Asia, steel making capability is also increasing, and relaxation of supply and demand drop steel market price. Trade friction in south-eastern Asia might concentrate more.

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