Source: 2012 SEAISI Statistical Year Book
- Overall apparent steel consumption in the ten countries increased by 3.8% y-o-y to 200.8 million tonnes in 2011. However, total demand in 2011 was still below the pre-crisis level of 207 million tonnes in 2008.
- Japan’s steel consumption stagnated at 64.7 million tonnes in 2011. Production declined by 3% y-o-y to 94.8 million tonnes while import surged significantly to 4.9 million tonnes in 2011. Export dropped from 37 million tonnes in 2010 to 35 million tonnes in 2011.
- Korea’s steel demand grew by 7.3% y-o-y to reach 58.9 million tonnes in 2011, close to the pre-crisis volume of 59.5 million tonnes. Domestic output increased substantially by 12.6% y-o-y to 67 million tonnes. Import stagnated at 18 million tonnes while export showed a significant increase of 15.8% to 26 million tonnes.
- Taiwan’s steel demand showed a marginal increase of 1% to 18.2 million tonnes in 2011. Production surged by 4.6% to 24.6 million tonnes. Import declined by 9% to 3.4 million tonnes. Meanwhile, export surged by half a million tonnes to 9.7 million tonnes. Export of hot rolled sheet, in particular, showed a significant increase of 21% to 3 million.
- Australia’s steel demand shrank from 7 million tonnes in 2010 to 6.5 million tonnes in 2011. Domestic production and import declined by 4% and 10% to 6 million tonnes and 2.2 million tonnes, respectively. On the other hand, export surged significantly by 9% to 1.8 million tonnes, owing to the significant export volume of cold rolled sheet and coated sheet. Export of cold rolled sheet/coil soared by 36% while export of coated sheet rose by 42%.
Apparent Steel Consumption (tonnes)
- ASEAN’s steel demand picked up by 7.8% to 52.4 million tonnes in 2011. However, domestic production stagnated at 26 million tonnes. This could be attributable to the disruptions in production following the floods in Thailand and Vietnam in the fourth quarter of 2011. Import of finished steel products surged significantly by 14.3% to 34 million tonnes. Export showed an increase of 6% to 7.8 million tonnes.
- Among the ASEAN countries, steel consumption in Singapore, Philippines and Indonesia saw double digit growth rates of 43.7%, 28% and 22.4%, respectively. Singapore’s domestic production rose by 4.7% to reach full capacity of 750,000 tonnes in 2011. Surging demand was fulfilled by a sharp increase of import, at 30.6% to 5.2 million tonnes. Import of section and bar surged significantly by more than 30% y-o-y while import of wire rod, at half a million tonnes, was an increase of 64% y-o-y. Import of hot rolled plate also showed a robust increase of more than 70% y-o-y. Export surged by 4% y-o-y.
- Philippines’ domestic output, all in long products, surged by 13.5% to 2.4 million tonnes in 2011. Import rose significantly by 37% to 2.7 million tonnes. There was negligible export in 2011. Demand for long products grew by 18% to 3.3 million tonnes. Import rose by 32% to 880,000 tonnes. Demand for flat products was robust, surging by 59% y-o-y to nearly 2 million tonnes. There was no domestic production in the country; therefore, the demand was entirely fulfilled by imports.
- Indonesia’s domestic production surged by 4.5% y-o-y to 5.4 million tonnes. Import rose sharply from 4.9 million tonnes in 2010 to 6.7 million tonnes in 2011. Import of section and wire rod surged strongly by 49% and 34%, respectively while import of bar increased by 12%. Import of hot rolled plate and hot rolled coil registered 739,000 tonnes and 1.6 million tonnes, a significant increase of 74% and 63%, respectively. Import of cold rolled coil soared robustly by 26% to 1.5 million tonnes in 2011. Import of coated sheet also showed a double digit growth rate of 29% to 834,000 tonnes. Meanwhile, export increased marginally by 1.1% to 1.2 million tonnes.
- Malaysia’s steel demand declined marginally by 1% to 8.24 million tonnes in 2011. Domestic production increased slightly by 3% to 5.1 million tonnes, while import dropped by 2.8% to 4.7 million tonnes. Export surged by 6% to 1.6 million tonnes.
- Thailand’s steel demand showed an increase of 3.3% to 14.6 million tonnes despite a sharp decline in the fourth quarter of 2011 due to the severe floods in the country. As a result of the floods, domestic output saw a significant decline of around 500,000 tonnes, equivalent to a month’s production output. Import surged by 10% y-o-y to 8.8 million tonnes. On the other hand, export dropped by 14.4% to 1.2 million tonnes.
- Surprisingly, Vietnam’s steel demand declined by 8% to 9.7 million tonnes. Domestic output dropped by 3.3% to 5.5 million tonnes. Import also declined by 2.2% to less than 6 million tonnes. Meanwhile, export surged significantly by 45.7% to 1.75 million tonnes in 2011, 40% of which was the export of hot rolled sheet which surged by more than six folds compared to the volume in 2010.