Semi-finished steel demand and supply in ASEAN-6 countries

Posted on 21 February 2020

Majority of steel producers in ASEAN-6 region are rolling mills. Demand for semi-finished steel is mainly served by imports as ASEAN steel mills are short on semi-finished steel, such as billets and slabs. Domestic production of semi-finished steel is mainly to serve continuous rolling capacity within the mills; these are not for exports. 
 
Semi-finished steel production in ASEAN-6 region has increased moderately by an average rate of 4% y-o-y from 2009 to 2015. Production capacity utilization averaged around 40- 50% for years.  
 
However, due to new production capacity, which occurred recent years in the ASEAN region, total semi-finished steel production surged significantly, by a double digit of 18% per year growth from 2015 to 2018, compared to the average growth rate of 4% from 2009 to 2015. As a result, semi-finished steel production capacity utilization picked up slightly to 57%.  
 
Semi-finished steel production rose around 20% y-o-y to 34.3 million tonnes in 2018. The production continued to increase by a double digit of 18% y-o-y to 14 million tonnes in the first half of 2019. 
 
Semi-finished steel demand and supply in ASEAN-6 countries
 
Majority of steel producers in ASEAN-6 region are rolling mills. Demand for semi-finished steel is mainly served by imports as ASEAN steel mills are short on semi-finished steel, such as billets and slabs. Domestic production of semi-finished steel is mainly to serve continuous rolling capacity within the mills; these are not for exports. 
 
Semi-finished steel production in ASEAN-6 region has increased moderately by an average rate of 4% y-o-y from 2009 to 2015. Production capacity utilization averaged around 40- 50% for years.  
 
However, due to new production capacity, which occured recent years in the ASEAN region, total semi-finished steel production surged significantly, by a double digit of 18% per year growth from 2015 to 2018, compared to the average growth rate of 4% from 2009 to 2015. As a result, semi-finished steel production capacity utilization picked up slightly to 57%.  
 

Semi-finished steel production rose around 20% y-o-y to 34.3 million tonnes in 2018. The production continued to increase by a double digit of 18% y-o-y to 14 million tonnes in the first half of 2019.

 

Source : SEAISI