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26 Nov
11:28

New massive steel projects flood Asean

Asean could take up to 20 years to absorb all the new production capacities which have been announced or are underway in the region, Kallanish understands from a recent South East Asia Iron & Steel Institute Forum.  During the first half of 2019, apparent regional steel consumption was up 5.9% year-on-year to 39.2 million tonnes, according to Seaisi. Production grew by 9.7% y-o-y to 21.6mt, imports rose by 5.6% to 25.1mt and exports …
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