Asean steel usage rises 7.6% in 2012

Mar 21, 2013 | 12:44 PM | Weilyn Loo

Tags  Asean steel consumption, semifinished steel, cold-rolled steel, hot-rolled steel, long products, steel bar, wire rod, Southeast Asia Iron and Steel Institute steel exports

SINGAPORE — Association of Southeast Asian Nations (Asean) member states consumed 56.4 million tonnes of steel last year, up 7.6 percent vs. 2011, as imports took a bigger share of the market.

The biggest percentage increases were reported by Thailand (13.9 percent), Vietnam (9.9 percent) and Indonesia (8.8 percent), according to the Southeast Asia Iron and Steel Institute.

Malaysia and the Philippines both saw marginal gains of 1.7 and 2.2 percent, respectively, while steel demand in Singapore fell 4.9 percent year on year in 2012.....

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