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Steel prices set to rise as stock dwindles in big user locations.

Bangkok Post (Bangkok, Thailand)

| August 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Phusadee Arunmas

Aug. 1--Steel are prices in the global market are expected to rise over the next few months on the back of increased demand, production cuts and dwindling stocks in big user locations, notably the United States and the European Union.

Korrakod Padungjitt, secretary-general of Thailand Iron and Steel Industry Club of the Federation of Thai Industries, said the expected rise in prices was discussed recently at a meeting with Japan's major steel producers at a forum held in Tokyo.

Demand for steel products in Thailand is estimated to be 15 million tonnes this year, up from 12.7 million tonnes last year. The country ...

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