You are here: Home > Steel News > Latest Steel News > SEAISI:...

SEAISI: ASEAN countries’ steel demand rises 14.1% in H1 2021

Thursday, 13 January 2022 12:32:21 (GMT+3)   |   Istanbul
       

The South East Asia Iron and Steel Institute (SEAISI has shared the ASEAN-6 countries’ steel demand data for the first half of 2021. In the given period, steel demand in ASEAN-6 reached 38 million mt, up by 14.1 percent compared to the same period of 2020, with steel demand in Indonesia, Singapore and Vietnam seen at pre-pandemic levels.

Looking at the countries individually, in the first half of 2021, Vietnam’s steel demand increased by 13.3 percent year on year to 12.7 million mt. In the given period, steel demand in Thailand totaled 10 million mt, up by 25 percent, while Indonesia’s steel demand was at 6.5 million mt, up by 12 percent, both year on year.  

Steel demand in the Philippines totaled 3.9 million mt in the first half last year, down by 4.8 percent year on year. In the first half, Malaysia and Singapore’s steel demand came to 3.6 million mt and 1.3 million mt, respectively.

ASEAN-6 steel demand is forecast to reach 77.2 million mt in 2021. Steel demand in Indonesia, the Philippines and Singapore are forecast to reach or exceed pre-pandemic levels in 2021, totaling 16 million mt, 11 million mt and three million mt, respectively. In 2021, steel demand in Vietnam, Thailand and Malaysia is expected to total 24 million mt, 17 million mt and seven million mt, respectively.


Similar articles

SEAISI: Construction recovers in some ASEAN countries in 2023, leading to increased longs imports

09 Aug | Steel News

SEAISI: Scrap demand in ASEAN-6 decreases by 4.6% in 2022

08 Feb | Steel News

SEAISI: Apparent steel consumption in ASEAN-6 down 0.1% in 2022

04 Jan | Steel News

SEAISI: Long steel demand in ASEAN-6 countries up 2.4 percent in 2022

23 Nov | Steel News

SEAISI webinar: Cautious optimism for ASEAN steel demand for 2023-2024 despite weak H1

24 Aug | Steel News

SEAISI: ASEAN countries’ overall flat steel exports and imports fell in 2022

29 Jun | Steel News

SEAISI: Steel demand in ASEAN-6 countries to rise 3.4 percent in 2023

29 May | Steel News

SEAISI: ASEAN-6 economies post growth in Q4, slower compared to Q3

04 Apr | Steel News

SEAISI: All ASEAN-6 economies grow in Q3 despite unfavorable conditions

21 Feb | Steel News

SEAISI: ASEAN countries’ finished steel imports mostly rise in 2021, only Vietnam sees drop

19 Dec | Steel News