Updated steel consumption in 2013 for SEAISI member countries

Posted on 31 July 2014
 

Source: SEAISI
§    Overall apparent steel consumption in the ten countries stagnated somewhat with an increase of only 1.2% y-o-y to 207 million tonnes in 2013.

§    Australia’s apparent steel consumption suffered a double digit negative growth rate of 17.1% y-o-y to below 6 million tonnes in 2013. Domestic production dropped drastically by almost  680,000 tonnes to 4.4 million tonnes in 2013. Import also declined significantly by 21% to 2.2 million tonnes. Export contacted slightly by 1.8% y-o-y to 583,000 tonnes in the same period.

§    South Korea’s steel consumption dropped by 3.7% y-o-y to 54.5 million tonnes in 2013, following a decline of 4% y-o-y in 2012. Domestic production dropped by 2.6% y-o-y to 65 million tonnes. Import also dropped by 6.2% y-o-y to 16 million tonnes while export dipped by 2.6% y-o-y to 26.6 million tonnes in 2013.

§    Taiwan’s steel demand stagnated somewhat with a slight decline of 1% y-o-y to 17.8 million tonnes in 2013. Domestic production stagnated at 24 million tonnes while import rose sharply by 21% y-o-y to 4 million tonnes. Export also increased by 8% y-o-y to 10 million tonnes in 2013.

§    Japan’s steel demand picked up from a negative growth rate of 0.6% in 2012 to register a positive increase of 2.1% y-o-y in 2013. Domestic output surged moderately by 2.3% y-o-y to nearly 97 million tonnes in 2013. Import declined by 4.2% y-o-y to 4.8 million tonnes while export increased slightly by 1.6% y-o-y to 36 million tonnes in 2013. All in all, total demand registered 65.7 million tonnes in 2013.

§    ASEAN’s steel demand picked up by 7.7% y-o-y to 63.1 million tonnes in 2013, slowing down from the growth rate of 11.8% recorded in 2012. Domestic supply stagnated at 25.5 million tonnes, an increase of only 0.1% y-o-y. Import surged 11.4% y-o-y, from 40.3 million tonnes in 2012 to 44.9 million tonnes in 2013. Export increased marginally by 1.2% y-o-y to 7.3 million tonnes.




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