Posted on 30 Jul 2010
Brief on ASEAN Steel Industry Performance in 2009
[PICTURE1]
Steel consumption in ASEAN registered 41.7 million tonnes, a declined of 9.6% y-o-y. However, in terms of steel use in the ten countries, ASEAN's share surged from 22% in 2008 to 26% in 2009.
- Among the ASEAN countries, Thailand's steel consumption registered a significant decline of 20% y-o-y to 10.75 million tonnes in 2009. However, Thailand remained the top steel consuming country in ASEAN.
- Vietnam was the only country in the group that experienced a positive growth in steel consumption in 2009. The country's steel use surged by 30% to 10.6 million tonnes, almost on par with Thailand.
- Indonesia and Malaysia's steel consumption declined significantly by 16% and 20% to 7.4 million tonnes and 6.6 million tonnes, respectively.
- Singapore's consumption of 2.8 million tonnes in 2009 was a significant decline by 23% y-o-y.
- Steel consumption in Philippines, on the other hand, was least affected by the global economic meltdown, with a marginal decline of 1.2% to 3.5 million tonnes.
[PICTURE2]
