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Thai Steel Industry Urges Removal of Price Cap to Avert Shortage.
Byline: Yuthana Praiwan
Feb. 3--The ceiling price of steel should be lifted to ease threats of a shortage, local manufacturers said yesterday.
A shortage of steel products is possible because the price of imported steel slab used as raw material has jumped by 75 percent to US$450 per tonne, from $250 a year ago, executives told senior officials during a meeting chaired by Industry Minister Pinit Charusombat.
"Steel prices have surged to a record high for the past ten years," said Visuth Jirathiyuth, vice-chairman of the iron and steel club in the Federation of Thai Industries.
He said there would be no shortage of steel bars because the ...
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