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26 Mar
10:59

Thai steel prices to contract in 2024: Kasikorn

Thai steel prices are expected to fall by 6% in 2024, and local steel producers will compete fiercely with steel imports from China, according to a report by Thai research institute Kasikorn Research Center. The average price of long steel and flat steel this year will reach THB 20,000-22,000/tonne ($551-606/t) and THB 25,000-27,000t respectively, Kasikorn forecasts. This takes into account the possible contraction in public construction investment in Thailan…
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