Update of New Steel Production Capacity in ASEAN in 2013

Posted on 28 October 2013

Source: SEAISI
ASEAN is a significant net importer of steel products. The region is not self-sufficient in supply particularly for semi-finished and flat products. In view of the imbalance, a number of new/expansion projects are in the pipeline to cater for the shortfalls in supply.

Some of the new/expansion projects that have been commissioned or are expected to come on stream in 2013 include the following:

1.    Vietnam
Vietnam has the largest number of new projects in the region. The most significant project to come on stream in the country in 2013 is China Steel Sumikin Vietnam Joint Stock Company which started operation in October 2013. The company has a total production capacity of 1.2 million tonnes comprising 200,000 tonnes capacity per annum for hot rolled coil pickled and oiled; 500,000 tonnes capacity per annum for cold rolling; 300,000 tonnes capacity per year for coated steel and 200,000 tonnes capacity per year for electrical sheet.

A domestic company, Hoa Phat Group, has in September 2013, commissioned its new integrated steel work with a 450m3 BF and 450,000 tonnes of rolling capacity to produce rebar and wire rod. Another local company, Thai Trung Steel Company, also commissioned its new rolling mill for long rpoducts with capacity of 500,000 tonnes per year in September 2013.

Other local companies that have commissioned/ are expected to commission their new projects in 2013 are:
? An Hung Tuong’s rolling mill with capacity of 250,000 tonnes per year
? Dong A Steel Sheet Company’s new capacity expansion of 200,000 tonnes per year for CRC at Binhduong province
? Hoa Sen Steel Sheet Group’s new colour coated line with annual capacity of 120,000 tonnes
? Viet Trung is expected to commission its new plant of 550m3 BF with 500,000 tonnes per year of billet capacity by end of 2013
? Hoabinh Stainless Steel Company is investing in 100,000 tonnes of stainless CRC mill in Hung Yen province which is expected to be commissioned by the end of 2013.

2.    Malaysia
Eastern Steel Sdn Bhd, a joint venture company between Hiap Teck Venture Berhad of Malaysia and Shougang Group of China is originally scheduled to complete its phase 1 of its project with initial annual production capacity of 700,000 tonnes of steel slab in 2013. However, the new plant is now likely to start operation in the first quarter of 2014.

3.    Indonesia
Indonesia’s mega steel project is PT Krakatau POSCO, a joint venture between PT Krakatau Steel, a state-owned company, and POSCO of Korea. The first phase of the project is expected to be completed in December 2013 and will produce steel slab and plate with annual production capacity of 3 million tonnes.

4.    Philippines
Steel Asia Manufacturing Corporation, the largest steel company in Philippines, is expected to start its new 500,000 tonnes per year of rolling mill to produce rebar at Davao by the end of 2013.

5.    Thailand
Two Japanese-owned companies commissioned their new plants in Thailand:
? JFE Steel Galvanizing started operation of a 400,000 tonnes per year continuous galvanizing line in Rayong in April 2013.
? Nippon Steel & Sumikin Galvanising also commissioned its new 360,000 tonnes per year Hot-dipped galvanised and galvannealed sheets production plant in Rayong in October 2013.

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