ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Asia's steel and plastic prices slump as trade war takes toll

Excess output from China slowdown spills into neighboring markets

A steel plant in Hefei, China. Domestic demand for steel has waned during the trade war, undercutting prices in the region.   © Reuters

TOKYO -- The price of industrial materials has dropped sharply as China's economy slows in the wake of the yearlong trade war with the U.S.

Hot-rolled steel coil, used in cars and industrial machinery, now hovers at $550 per ton for East Asia-bound shipments, down 10% over a year. The price declined sharply last fall as the trade war intensified. ABS plastic, used in exteriors for consumer electronics, has fared even worse, dropping nearly 30% from a year earlier.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more