South East Asia Iron & Steel Institute announced that semi finished steel import in ASEAN-6 recovered in 2021. According to the customs in 6 countries in ASEAN, semi finished steel import in the region increased by 5.3% YoY to 7 million tonnes. The largest importing country was Thailand, followed by Indonesia.Thailand’s semi-finished steel import registered 2.83 million tonnes from January to October 2021. Billet import declined 26.3% in the first 10 months in 2021. Meanwhile, carbon slab import increased significantly, at 70% from 800,000 tonnes to 1.3 million tonnes in the same period. It would be interesting to see if hot rolled plates and hot rolled coils production will increase significantly in 2021. Bloom, beam and blank import doubled in volume to nearly 90,000 tonnes in the first 10 months of 2021. This could be a result from the recovery of large section production in the country in 2021.Indonesia’s semi-finished steel import registered 2.77 million tonnes, a decline of 6.3% YoY. Billet import surged 5.9% to 361,000 tonnes. Carbon slab import increased 11% to 1.8 million tonnes. On the other hand, stainless semi-finished steel dropped 28% y-o-y to 51,000 tonnes in the same period.The third largest semi-finished steel importing country in the region is Philippines. Total semi-finished steel import registered 1.27 million tonnes, an increase of 29.6% YoY from January to October 2021. Around half of the import was high carbon semi- finished steel, followed by the import of billet and bloom, beam, blank.Malaysia’s semi-finished steel import declined 22.5% to 156,000 tonnes in the first 10 months of 2021.Meanwhile, semi-finished steel import from Vietnam was as low as 17,000 tonnes although the number increased significantly, from 2,800 tonnes in the same period of 2020.
South East Asia Iron & Steel Institute announced that semi finished steel import in ASEAN-6 recovered in 2021. According to the customs in 6 countries in ASEAN, semi finished steel import in the region increased by 5.3% YoY to 7 million tonnes. The largest importing country was Thailand, followed by Indonesia.Thailand’s semi-finished steel import registered 2.83 million tonnes from January to October 2021. Billet import declined 26.3% in the first 10 months in 2021. Meanwhile, carbon slab import increased significantly, at 70% from 800,000 tonnes to 1.3 million tonnes in the same period. It would be interesting to see if hot rolled plates and hot rolled coils production will increase significantly in 2021. Bloom, beam and blank import doubled in volume to nearly 90,000 tonnes in the first 10 months of 2021. This could be a result from the recovery of large section production in the country in 2021.Indonesia’s semi-finished steel import registered 2.77 million tonnes, a decline of 6.3% YoY. Billet import surged 5.9% to 361,000 tonnes. Carbon slab import increased 11% to 1.8 million tonnes. On the other hand, stainless semi-finished steel dropped 28% y-o-y to 51,000 tonnes in the same period.The third largest semi-finished steel importing country in the region is Philippines. Total semi-finished steel import registered 1.27 million tonnes, an increase of 29.6% YoY from January to October 2021. Around half of the import was high carbon semi- finished steel, followed by the import of billet and bloom, beam, blank.Malaysia’s semi-finished steel import declined 22.5% to 156,000 tonnes in the first 10 months of 2021.Meanwhile, semi-finished steel import from Vietnam was as low as 17,000 tonnes although the number increased significantly, from 2,800 tonnes in the same period of 2020.
