Update of Steel Industry Situation in ASEAN

Posted on 11 June 2013

Source: SEAISI
Apparent steel consumption in ASEAN registered 58.8 million tonnes in 2012, an increase of 12% y-o-y compared to 2011. However, the increase in demand was mainly fulfilled by imports which recorded an all-time high of 41 million tonnes or an increase of 20% y-o-y. Regional production, on the other hand, declined by 3% y-o-y to 25.4 million tonnes.

Many countries in the region saw a double digit growth rates in steel consumption in 2012. Philippines registered the highest growth rate of 19.1% to 6 million tonnes. Production increased by nearly 10% to 2.7 million tonnes, while import rose sharply by 27% to 3.4 million tonnes.

Indonesia enjoyed a significant growth rate of 16% for steel demand, the second highest in the region, with total consumption of 12.7 million tonnes in 2012. However, domestic production remained relatively unchanged while import rose by 22% to 8.1 million tonnes in 2012.

Thailand’s steel demand registered 16.6 million tonnes in 2012, an increase of 14% y-o-y. Domestic production, however, declined by 3% y-o-y to 6.7 million tonnes. Meanwhile, import at 11 million tonnes was an increase of 25% y-o-y.

Vietnam’s steel demand surged by 13% y-o-y to 10.9 million tonnes. Domestic output reduced substantially by 7.7% y-o-y to 5 million tonnes. Import, on the other hand, surged by 27.6% y-o-y to 7.6 million tonnes.

Malaysia registered a moderate growth rate of 6% in steel demand to 8.7 million tonnes in 2012. Domestic production declined by 5.6% to 4.8 million tonnes while its import surged by 19% y-o-y to 5.6 million tonnes.

Singapore is the only country in the region which experienced a decline in steel demand in 2012. The country’s apparent steel consumption was 3.8 million tonnes, a drop of 2.3% y-o-y. Domestic production dropped from the full capacity utilization of 750,000 tonnes in 2011 to 705,000 tonnes in 2012. Import rose slightly by 2.2% y-o-y to 5.3 million tonnes.

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