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
The increase came even as steel
output fell 2 percent to 25.5 million tonnes last year, with
every Asean country except the Philippines recording a
Imports rose 8 percent year on
year to 36.9 million tonnes in 2012.
Half of the semifinished imports
into the region came from Russia, whose volumes rose by 1
million tonnes, followed by Ukraine.
Steel product imports from China
also jumped in 2012, with long steels up at least twofold,
sections jumping 70 percent, and bar and wire rod more than
doubling to over 1 million tonnes. China was also the principal
source of hot-rolled plate imports, but the volume rose only 3
percent to around 1 million tonnes.
Imports from Japan rose 10
percent to 800,000 tonnes. Japan, accounting for 40 percent of
total imports, was the largest source of hot-rolled coil.
Import from the nation rose 15 percent vs. 2011, followed by
South Korea and China, up 8 percent and 45 percent,
Imports of cold-rolled coil from
Japan, the largest supplier, fell 7 percent year on year, while
those from China rose 20 percent.
Imports of coated steel, with
Japan again the largest supplier, were virtually unchanged.
However, imports from China rose 40 percent year on year to a
level nearly matching Japan.
Exports from the region fell 22
percent year on year to 6 million tonnes in 2012, with all
nations in the region except Singapore registering
A version of this article was first
published by AMM sister publication Steel