is expected to be effective in the next few months to give further support to the Domestic HRC prices. However, the consumption is expected to remain low till the new government formation. As such we
ended 30 September 2020 1,104 536 3. Business Outlook The overall domestic Hot Rolled Steel consumption reduced by 28% during the 3rd Quarter 2020, while imports declined by 46%, the domestic production
). Industry Overview The Office of the National Economic and Social Development Council (NESDC) reported that Thailand’s GDP in 2018 growth 4.1% YOY, driving by private consumption and investment. Although the
flat finished steel production of 1.37 million metric tons, decreasing 20.37% compared to the same period of previous year. The consumption of finished steel products in Thailand in Jan. – Jun. 2019 was
, decreasing 14.49% and the flat finished steel production of 1.97 million metric tons, decreasing 25.80% compared to the same period of previous year. The consumption of finished steel products in Thailand in
. Thailand registered a GDP growth of only 2.4% during 2019 against 4.1% in 2018 with the fourth quarter 2019 growth at merely 1.6%. Further, Total Hot Rolled Steel consumption for 2019 at 6.66 million MT
-29.07% Import 3,526,841 2,919,975 -17.21% Export 305,541 401,355 31.36% Consumption 5,628,593 4,226,064 -24.92% Source : Iron and Steel Institiute of Thailand, by Steel Business Intelligence Bar & Section
) was low and could not cover cost and expense. 2. Business Outlook Total domestic Hot Rolled Steel consumption for Quarter 1, 2020 stood 1.51 million MT and decreased by 3.4% compared to same quarter
global steel consumption increased. The overall steel market prices have risen over the second half of 2017 especially in China. Therefore, the steel product is expected to recover together with the
continues to increase and was moving in line with the world economy which related to global steel consumption increased. The overall steel market prices have risen over the second half of 2017 especially in