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25 Sep
14:29

Further ASEAN capacity risks oversupply, export barriers: SEAISI

ASEAN overcapacity will worsen if future steelmaking investments do not target gaps in domestic demand rather than exports. The region is increasingly becoming an exporter thanks largely to new capacity additions by Chinese investors, according to South East Asia Iron and Steel Institute (SEAISI) Secretary General Designate Wee Jin Yeoh. ASEAN has the fastest steel consumption growth rate in the world, with use reaching 80 million tonnes in 2018. It is expe…
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