- Overall apparent steel consumption in the ten countries slowed down by 4.7% y-o-y to 206 million tonnes in 2015.
- Although Australia’s apparent steel demand dropped by 14% y-o-y to 5.4 million tonnes, domestic producer still enjoyed an increase in production, by 5% y-o-y to 5.3 million tonnes. Import, at 1.8 million tonnes in 2015, was a sharp decline by 34% y-o-y. Export rose by 22.5% y-o-y.
- Japan’s steel demand declined significantly, by 15% y-o-y or around 10 million tonnes in 2015. Production dropped by 5 million tonnes while import also contracted by nearly 700,000 tonnes. Export increased by 14% y-o-y or around 500,000 tonnes to 40.4 million tonnes in 2015.
- South Korea’s steel demand registered a moderate decline of 2.4% y-o-y to 55.4 million tonnes in 2015. Domestic production, import and export all experienced declines of between 1 and 3% y-o-y.
- Taiwan also faced a slowdown in steel demand, declining by 2.6% y-o-y to 18.3 million tonnes in the same year. Domestic production decreased slightly, by 1.8% y-o-y to 25 million tonnes while import dropped 13.5% y-o-y to 3.7 million tonnes in 2015. Export registered 10.4 million tonnes, a decrease of 5% y-o-y.
- ASEAN’s steel demand maintained its momentum of growth, increasing by 4.3% y-o-y in 2016. Regional production surged by 3.4% y-o-y to 28.5 million tonnes. Import rose by 5.1% y-o-y to 48.7 million tonnes. Export increased moderately, by 3% y-o-y to 8.2 million tonnes.
Apparent Steel Consumption (tonnes)
Extracted from 2016 SEAISI Statistical Year Book.