Posted on 09 Mar 2015
The Iron and Steel Institute of Thailand (ISIT) has predicted that
domestic demand in 2015 will be up to 18.53 million tons that is an
increase of 6.8% than in 2014.
Steel demand in automotive and engineering industries will keep rising
by around 15%. Demand from building, home appliance and machinery
sectors is expected to raise by 8.3%, 3% and 2% respectively.
The country’s consumption totaled 17.34 million tons in 2014, dropping
by 3.5% from the last year. Meanwhile, the country’s imports of finished
steel reached 11.9 million tons, decreasing by 2.9% year on year.
