Intra ASEAN steel trade in 2015

Posted on 05 May 2016
 

Source: SEAISI
Intra-ASEAN steel trade continued to decline, dropping from a share of 6% of total steel import in the region in 2014 to 5% in 2015. The bulk of the steel trade within the region was flat steel and the volume declined slightly by 2% y-o-y in 2015. Long steel trade within the region constituted approximately one-third of total import and the volume dropped by 8% y-o-y in 2015.

Indonesia’s imports of finished steel from ASEAN dropped from a million tonnes in 2014 to 964,000 tonnes in 2015. Indonesia’s import of long steel from ASEAN declined significantly, by 19% y-o-y, to around 200,000 tonnes in 2015. This was mainly due to a significant decline in wire rod import from Malaysia.

Import of hot rolled plates from ASEAN into Indonesia dropped by nearly 40% y-o-y to 55,000 tonnes in the same period. The bulk of the import was from Singapore, basically in the form of  re-exports from other countries. Import of HRC from ASEAN was not significant and the volume declined by 17% y-o-y in 2015. Import of coated sheet from ASEAN, on the other hand, rose by 15% y-o-y to nearly 500,000 tonnes in the same period. The main source of the import was Vietnam.

Malaysia’s imports of finished steel from the region declined by 15% y-o-y to 600,000 tonnes in 2015. However, import of long steel from ASEAN into Malaysia rose by 9% y-o-y in 2015. This was mainly due to the significant growth of bar and wire rod import from the region while the import of section declined by 20% y-o-y in the same period.

Import of hot rolled plates from the region into Malaysia reduced from nearly 100,000 tonnes in 2014 to only 17,000 tonnes in 2015.  This was mainly due to the sharp decline of the import from Indonesia. As for the region, Vietnam was the major source of import for Malaysia but the volume declined by 21% y-o-y to 121,000 tonnes in 2015. On the other hand, coated sheet import from ASEAN into Malaysia increased by a moderate 6% y-o-y. This was mainly due to the increase of import from Vietnam.

Finished steel imports from ASEAN into Singapore contracted by 8-9% y-o-y in 2015. Import of long steel from ASEAN declined by 21% y-o-y. This was a result of the sharp decline of section import from Thailand. Singapore’s import of flat steel from ASEAN was not significant, registering a marginal increase 2-3% y-o-y in 2015.

Vietnam’s finished steel import from ASEAN was not significant. The import volume declined by 9% y-o-y to 154,000 tonnes in 2015. Imports of both flat and long steel registered less than 100,000 tonnes each, declining marginally in 2015 when compared to 2014.  

Finished steel imports from ASEAN into Philippines and Thailand, on the other hand, increased significantly, by more than 20% y-o-y in 2015.

Philippines’ import of long steel from ASEAN rose by 9% y-o-y to 50,000 tonnes in 2015. The bulk of the import was section and major source was from Thailand. Import of flat steel from ASEAN increased significantly by more than 40% y-o-y to nearly 40,000 tonnes in 2015, mainly comprising of import of plates from Indonesia.

Thailand’s import of long steel was not significant, at around 60,000 tonnes, a decline of 6% y-o-y in 2015. Import of flat steel from ASEAN registered nearly 400,000 tonnes, a significant increase of 34% y-o-y in 2015. Around half of the import was the import of coated sheet from Vietnam.
 


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