Demand from the Asian energy sector and domestic buyers in Indonesia will continue to support steel plate prices in the final quarter of this year, a source close to a leading Japanese steelmaker told Fastmarkets this week.
"Crude oil prices have been hovering about $50-60 per barrel and this has led to more interest from the energy sector to increase steel procurement," the source said.This was more urgent with the startup of a new energy project in Malaysia, as well as demand from wind-farm projects in Taiwan."The fabrication capacity in East Asia for Taiwanese wind-farm projects will...