In the tapestry of Thailand's steel landscape, the first half of the year has witnessed a choreography of contrasts, a symphony of decline and ascent, evoking a paradoxical panorama. A discerning eye notes the somber descent in finished steel consumption and production, unfurling amidst a backdrop of augmenting exports and imports, lending the tableau a chiaroscuro complexion.As the curtains of January-June were drawn, the quintessential dance of steel consumption commenced, cloaked in a muted pallor. A lamentable decrease of 3.1% in consumption, compared to its year-on-year counterpart, materialized, encapsulating the reverberations of economic fluctuations. In this orchestration, every steel product found itself swathed in the melancholic descent, a poignant cadence except for the resilient bar & sections, galvanized steel, and their brethren of coated sheet products.Yet, the narrative unfolded an alternate choreography in the realm of production, as the first half grappled with a precipitous contraction of 14.3%, sculpting an intricate dance of diminishment. With a tally of 3.35 million metric tons, this ballet of production mirrored the trials and tribulations of a changing economic landscape.Intriguingly, amidst these crescendos of contraction, a crescendo of a different kind echoed - the rising symphony of imports. Thai steel imports orchestrated a surge of 5.7% year-on-year, culminating in 5.89 million metric tons. Long products, echoing their robust tenacity, registered a formidable augmentation of 9.4%, a testament to their enduring presence. Meanwhile, the realm of flats, though measured, unfurled a 4.7% year-on-year rise, a subtle yet significant embellishment.In this complex choreography, the tale of Thai steel exports emanates as a counterpoint, painting a canvas of ascent. A cumulative swell of 4.5% in exports, soaring to 736,016 metric tons during January-June, reverberated as a testament to the industry's global embrace. Within this tapestry of trade, longs and flats scripted their own sonnets, a tally of 489,366 metric tons for the former and 246,650 metric tons for the latter, united in their role as ambassadors of Thai steel prowess.
In the tapestry of Thailand's steel landscape, the first half of the year has witnessed a choreography of contrasts, a symphony of decline and ascent, evoking a paradoxical panorama. A discerning eye notes the somber descent in finished steel consumption and production, unfurling amidst a backdrop of augmenting exports and imports, lending the tableau a chiaroscuro complexion.As the curtains of January-June were drawn, the quintessential dance of steel consumption commenced, cloaked in a muted pallor. A lamentable decrease of 3.1% in consumption, compared to its year-on-year counterpart, materialized, encapsulating the reverberations of economic fluctuations. In this orchestration, every steel product found itself swathed in the melancholic descent, a poignant cadence except for the resilient bar & sections, galvanized steel, and their brethren of coated sheet products.Yet, the narrative unfolded an alternate choreography in the realm of production, as the first half grappled with a precipitous contraction of 14.3%, sculpting an intricate dance of diminishment. With a tally of 3.35 million metric tons, this ballet of production mirrored the trials and tribulations of a changing economic landscape.Intriguingly, amidst these crescendos of contraction, a crescendo of a different kind echoed - the rising symphony of imports. Thai steel imports orchestrated a surge of 5.7% year-on-year, culminating in 5.89 million metric tons. Long products, echoing their robust tenacity, registered a formidable augmentation of 9.4%, a testament to their enduring presence. Meanwhile, the realm of flats, though measured, unfurled a 4.7% year-on-year rise, a subtle yet significant embellishment.In this complex choreography, the tale of Thai steel exports emanates as a counterpoint, painting a canvas of ascent. A cumulative swell of 4.5% in exports, soaring to 736,016 metric tons during January-June, reverberated as a testament to the industry's global embrace. Within this tapestry of trade, longs and flats scripted their own sonnets, a tally of 489,366 metric tons for the former and 246,650 metric tons for the latter, united in their role as ambassadors of Thai steel prowess.
