Thailand’s steel price has continued to dip.
This has resulted in a big impact on the real estate and building materials companies; around 3,000 companies have gone bankrupt.
The steel price is dropping by a wide margin at present. It is estimated that the total market value of building industry this year may be reduced from the THB650 billion of 2008 to THB320 billion, signifying a decrease of 50 percent. Source: Yieh.com