Analysis of Steel Consumption by Products in ASEAN Member Countries

Posted on 27 July 2009
 

Source: SEAISI
Scrap

Scrap consumption in the ASEAN region dropped by 5% to 15.5 million tonnes in 2008. However, import rose by 13% to 9 million tonnes. Export fell moderately to 2.1 million tonnes. Domestic supply in the region dropped dramatically from 10.6 million tonnes in 2007 to 8.7 million tonnes in 2008.

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Thailand’s scrap consumption declined slightly by 4% to 5.3 million tonnes and accounted for 37% of total scrap consumption in the region. Malaysia, the second largest consumer of scrap in the region, experienced a sharp decrease in scrap consumption of 19% to 4.1 million tonnes in 2008. Indonesia’s scrap demand registered 2.8 million tonnes, a marginal growth of 3% y-o-y. Vietnam, on the other hand, enjoyed a significant growth in scrap demand, at 20% to 2.4 million tonnes, and increased its share of total scrap demand in the region from 12% in 2007 to 15% in 2008. Meanwhile Philippines maintained its share in the region at 5% with a steady volume of 820,000 tonnes.

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ASEAN as a whole remained a net importer of scrap. Only Philippines and Singapore are net exporters of scrap with net export volumes of 704,000 tonnes and 236,000 tonnes, respectively. 33% of total scrap export from Philippines was to ASEAN countries. Philippines also exported a significant volume of scrap to Taiwan, South Korea and China. Singapore’s scrap export to ASEAN accounted for 62% of its total export volume, most of which was to Malaysia and Indonesia.

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All in all, USA remained the largest source of scrap import for the ASEAN region. Total import of scrap from USA registered 2.3 million tonnes in 2008, a decline of 6% y-o-y. Intra ASEAN import, however, doubled in volume to 1.76 million tonnes in 2008, representing a share of 22% of total import volume, compared to the share of 11% in 2007.



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