South East Asian Iron & Steel Institute announced that ASEAN member 6 countries Indonesia, Malaysia Philippines, Singapore, Thailand & Vietnam imported 51.7 million tonnes of finished steel in 2021 while exporting 22.7 million tonne thus remaining net steel exporter by about 29 million tonnes. Barring Thailand, 4 countries posted double digit surge in finished steel imports in 2021. ----------------------------Finished Steel ImportsVietnam - 12.2 million tonnes, down 1% YoYPhilippines - 12.2 million tonnes, up 12% YoYThailand - 12.1 million tonnes, up 20% YoYIndonesia - 6.6 million tonnes, up 17% YoYMalaysia - 5.9 million tonnes, up 10% YoYSingapore - 2.7 million tonnes, up 3% YoY ---------------------------Finished Steel ExportsVietnam - 9.7 million tonnes, up 45% YoYMalaysia - 5.6 million tonnesIndonesia - 5.2 million tonnes, up 2% YoYThailand - 1.2 million tonnes, up 27% YoY
South East Asian Iron & Steel Institute announced that ASEAN member 6 countries Indonesia, Malaysia Philippines, Singapore, Thailand & Vietnam imported 51.7 million tonnes of finished steel in 2021 while exporting 22.7 million tonne thus remaining net steel exporter by about 29 million tonnes. Barring Thailand, 4 countries posted double digit surge in finished steel imports in 2021. ----------------------------Finished Steel ImportsVietnam - 12.2 million tonnes, down 1% YoYPhilippines - 12.2 million tonnes, up 12% YoYThailand - 12.1 million tonnes, up 20% YoYIndonesia - 6.6 million tonnes, up 17% YoYMalaysia - 5.9 million tonnes, up 10% YoYSingapore - 2.7 million tonnes, up 3% YoY ---------------------------Finished Steel ExportsVietnam - 9.7 million tonnes, up 45% YoYMalaysia - 5.6 million tonnesIndonesia - 5.2 million tonnes, up 2% YoYThailand - 1.2 million tonnes, up 27% YoY
