Over half of the capital goods monitored by the government posted lower prices in the last 10 days of February compared with the previous 10 days, official data showed.

Indonesia strengthens local iron, steel industry to reduce imports.

Union Steel Minister seeks Japanese investment in fast-growing Indian steel market.

Vietnam’s Steel industry forecast to grow by 6-8 percent in 2020.

During the month, the country splashed out 570.07 million USD on steel purchases, decreasing 28.8 percent from the same period last year.

The move aims to protect the Thai domestic manufacturing sector.

Mr Miyamoto said that another worry is higher prices of raw materials.

Crude steel production in Arab countries is expected to increase this year to around 29 million metric tons.