Asean can displace 47% of steel imports

Apr 12, 2013 | 09:56 AM | Weilyn Loo

Tags  Asean, Association of Southeast Asian Nations, steel imports, semifinished steel, steel production, Southeast Asia Iron and Steel Institute, Seaisi, Weilyn Loo

SINGAPORE — The Association of Southeast Asian Nations (Asean) is capable of substituting 47 percent of its steel imports with domestic output without the need to invest in more advanced technologies.

The region’s semifinished steel production can potentially increase 55 percent this year, while that of long and flat products could see year-on-year growth of 30 percent and 163 percent, respectively, according to the Southeast Asia Iron and Steel Institute (Seaisi).....

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