Asian steel and scrap prices are projected to rise in Q4 2024, driven by economic incentives from Beijing, increasing demand, and disruptions in scrap supplies, according to Argus Media. The Chinese steel market has been recovering since late September due to government measures supporting the real estate sector, which has also improved margins for foreign producers. Vietnamese steelmakers expect a stronger domestic market as buyers shift from Chinese imports amid an anti-dumping investigation. However, softer demand in South Korea and Taiwan may temper overall optimism in the region's steel market.