Intra – ASEAN steel trade

Posted on 05 November 2015
 

Source: SEAISI
ASEAN steel demand increased repidly by an average rate of 9.6% from 2009 to 2014. Apparent steel demand registered 65.9 million tonnes in 2014. Around 60% of total steel supply was from import. Major sources of import were China, Japan, South Korea and Taiwan. Meanwhile, intra-ASEAN steel trade recorded a share of only 3.7% in 2014. Share of intra-ASEAN trade, in fact, has decreased gradually from 12.5% in 2011, to 7.4% in 2012 and 4.7% in 2013. In the first four months of 2015, the share of intra-ASEAN steel trade was only 2.4% of total import.

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Intra-ASEAN trade of section registered 342,000 tonnes in 2014, representing a share of 14% of total section import in the region. Major source of supply within ASEAN was Thailand. However, import volume from Thailand reduced significantly, by 37% y-o-y, in the first four months of 2015.

Intra-ASAN trade of bar was not significant, at 97,000 tonnes, representing a share of 2% of total bar import in the region in 2014. Major source of supply within the region was Singapore and the volume increased significantly by 50% y-o-y in the first four months of 2015.

Import of wire rod within ASEAN registered a share of 1.6% of total wire rod import, at 95,000 tonnes in 2014. Malaysia and Singapore were the major sources of import within ASEAN. However, import from Malaysia contracted substantially, by 50% in the first four months of 2015 while import from Singapore rose by three folds in the same period.

Import of hot rolled plate within ASEAN registered 228,000 tonnes in 2014, accounting for a share of 55% of total HRP import into the region. Major sources in ASEAN were Indonesia and Singapore. However, import volume declined significantly in the first four months of 2015.

Hot rolled coil import in ASEAN registered a significant volume of 14.5 million tonnes in 2014. Major sources were Japan, China, Korea and Taiwan. Intra-ASEAN trade, on the other hand, was minimum, at 130,000 tonnes in 2014. Major sources of supply were Indonesia and Singapore. Intra-ASEAN trade for HRC declined by half in the first four months of 2015.

Intra-ASEAN trade for cold rolled coil registered 428,000 tonnes in 2014, representing a share of 8% of total CRC import in the region. Major source of import within the region was Vietnam (half of the intra-ASEAN trade).

Import of coated steel sheet within ASEAN registered 810,000 tonnes, representing a share of 11% of total coated steel sheet import in the region. Major source of the import in the region was Vietnam (80% of total intra-ASEAN trade for coated sheet). Import from Vietnam rose significantly, by 28% to 272,000 tonnes in the first four months of 2015.


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