04
Jun
01:00
Yens decline sets Japanese steel against China in Southeast Asia
The Japanese Yen has seen another sharp fall against both the US dollar and the Chinese Yuan over the last three weeks. With East Asia’s major steel producers are vying for a slice of the Southeast Asian infrastructure boom, Japanese steel could expand into new lower grade markets and compete with China, Kallanish notes.
The JPY lost -4.72% against the USD over 15 May-1 June to almost 125 JPY/USD. Against the CNY it fell -4.79% over the same period to …
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous