<p>The South East Asia Iron and Steel Institute announced that finished steel import in ASEAN-6 countries increased moderately, by 6.8% YoY to 25.2 million tonnes in the first half of 2021. Long steel import in the six countries in ASEAN declined 8% YoY to 6.1 million tonnes in the first half of 2021. Import of most long products dropped by double digit growth rates except wire rod which surged 16% YoY in the same period. The major source of wire rod import in the six countries in ASEAN is China. The import volume surged significantly from 729,081 tonnes in the first half of 2020 to 1.05 million tonnes in the same period of 2021. Flat steel import in the region increased 12.6% YoY to 19 million tonnes in the first half of 2021. Import of most products registered positive growth rates, except plates. Plates import dropped 10.5% YoY to 1.4 million tonnes. </p><p>HR - Up 9.4%YoY to 8.3 million tonnes</p><p>CR - Up 21.4% YoY to 2.8 million tonnes</p><p>Coated Steel - Up by a million tonnes to 5.4 million tonnes</p><p>However, total finished steel export in the region expanded 20.4% YoY to 11.5 million tonnes in the same period of 2021. Both long steel export and flat steel export in the six countries in ASEAN registered double digit growth rates in the first half of 2021. Long steel export increased 15.5% YoY to 6.2 million tonnes while flat steel export jumped 26.7% YoY to 5.3 million tonnes. Export of bar increased by a million tonnes to 3.5 million tonnes from January to June 2021, 80% of which was the export from Malaysia and major destination was to China.</p>
<p>The South East Asia Iron and Steel Institute announced that finished steel import in ASEAN-6 countries increased moderately, by 6.8% YoY to 25.2 million tonnes in the first half of 2021. Long steel import in the six countries in ASEAN declined 8% YoY to 6.1 million tonnes in the first half of 2021. Import of most long products dropped by double digit growth rates except wire rod which surged 16% YoY in the same period. The major source of wire rod import in the six countries in ASEAN is China. The import volume surged significantly from 729,081 tonnes in the first half of 2020 to 1.05 million tonnes in the same period of 2021. Flat steel import in the region increased 12.6% YoY to 19 million tonnes in the first half of 2021. Import of most products registered positive growth rates, except plates. Plates import dropped 10.5% YoY to 1.4 million tonnes. </p><p>HR - Up 9.4%YoY to 8.3 million tonnes</p><p>CR - Up 21.4% YoY to 2.8 million tonnes</p><p>Coated Steel - Up by a million tonnes to 5.4 million tonnes</p><p>However, total finished steel export in the region expanded 20.4% YoY to 11.5 million tonnes in the same period of 2021. Both long steel export and flat steel export in the six countries in ASEAN registered double digit growth rates in the first half of 2021. Long steel export increased 15.5% YoY to 6.2 million tonnes while flat steel export jumped 26.7% YoY to 5.3 million tonnes. Export of bar increased by a million tonnes to 3.5 million tonnes from January to June 2021, 80% of which was the export from Malaysia and major destination was to China.</p>
