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Bangkok Post

Business

Steel sector keeping tabs on Myanmar

Myanmar United States SCN

Steel bars, wire rod steel and structural steel at Millcon Steel's factory in Rayong.

Thai steel manufacturers have fresh concerns over the impact of the suspension of foreign loan payments in Myanmar on steel exports to Myanmar.

Myanmar's central bank instructed companies and individual borrowers to suspend paying principal and interest to foreign lenders in a move to slow the country's decreasing foreign exchange reserves.

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