Global steel prices, which soared as a result of the Russia-Ukraine war, have declined following lower demand for steel in China and an increase in steel imports into Asia from Russia, says the Federation of Thai Industries (FTI).
Price fluctuations have eased since June, with steel prices in the Asian market falling by 3.2-4.9% in June and further declining by 5.2-16.3% in July, said Nava Chantanasurakon, chairman of the FTI's Thailand Iron and Steel Industry club.
