ASEAN Steel Industry in 2012

Posted on 19 March 2013

Source: SEAISI
Apparent steel consumption in ASEAN is estimated to have surged significantly by 7.6% y-o-y to 56.4 million tonnes in 2012.  Thailand registered the highest growth rate of 13.9% y-o-y, followed by Vietnam, at 9.9% and Indonesia, 8.8%. Malaysia and Philippines both registered marginal increases in steel demand of 1.7% and 2.2% respectively while steel demand in Singapore declined by 4.9% y-o-y.

Production in the region is estimated to have declined slightly, by 2% y-o-y to 25.5 million tonnes in 2012 as a result of a decline in steel output in most of the countries in the region, except Philippines. Import surged significantly, by 8% y-o-y to 36.9 million tonnes in 2012.

Half of the semi-finished import in the region was from Russia, the volume of which surged by a million tonnes in 2012, followed by the import from Ukraine. Import of long steel from China registered a significant increase by at least two folds in 2012. Import of section from China, the largest source of import, increased significantly by 70% y-o-y. Import of bar and wire rod from China surged by more than two folds to above a million tonnes in 2012.

Major source of hot rolled plate import in the region was also China. However, the volume surged moderately by 3% to maintain at a million tonnes level. Import from Japan surged by 10% to reach 800,000 tonnes. Japan was the largest source of Import for hot rolled coil, 40% of total import of the product in the region. This is followed by import from South Korea and China. Import from Japan and South Korea surged by 15% y-o-y and 8% y-o-y, respectively, while import from China increased by 45% y-o-y.

Import of cold rolled coil from Japan, the largest source of import in the region, showed a moderate decline of 7% y-o-y. Import from China soared by 20%. As for coated steel import, Japan again is the largest source of import. The volume, however, remained virtually unchanged year-on-year. On the other hand, import from China rose significantly, by 40% y-o-y, making the volume almost on level as that from Japan.

Export from the region is estimated to have declined by 22% y-o-y to 6 million tonnes in 2012. All the countries except Singapore registered declines in the volume of steel export. Malaysia's steel export  is estimated to drop by half to around 700,000 tonnes in 2012. Vietnam's export also decreased by 32% y-o-y to less than a million tonnes in 2012, while Indonesia registered a moderate decline in steel export of 7% y-o-y. Meanwhile, Thailand's steel export stagnated at 1.2 million tonnes.

Remark: The above report is based on preliminary data gathered by SEAISI

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