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Southeast Asia - Latest news GMK Center

Photo – Steel demand in Southeast Asia to grow by 3.7% y/y in 2024 – SEAISI
Steel demand in Southeast Asia to grow by 3.7% y/y in 2024 – SEAISI

Last year, this indicator fell by 1.9% year-on-year in the six main countries of the region

Photo – ASEAN steel industry needs support for decarbonization
ASEAN steel industry needs support for decarbonization

The region is already overcapacity and the situation will only get worse

Photo – Asian steel market will come under pressure in the fourth quarter – forecast
Asian steel market will come under pressure in the fourth quarter – forecast

Limited support for the market will be provided by increased demand in India after the monsoon season

Photo – Malaysia’s Eastern Steel launches second blast furnace
Malaysia’s Eastern Steel launches second blast furnace

This is expected to increase the supply of slabs in neighboring markets

Photo – ASEAN steel industry is moving towards decarbonization
ASEAN steel industry is moving towards decarbonization

The region's steel industry needs support in its green transition efforts

Photo – The volume of the global long products market may reach more than $1 trillion by 2030
The volume of the global long products market may reach more than $1 trillion by 2030

The growth of the segment, in particular, will be facilitated by the expansion of capacities

Photo – Malaysia to develop road map of ecological steel industry transition
Malaysia to develop road map of ecological steel industry transition

When preparing the strategy, appropriate sources of funding should be considered

Photo – ASEAN countries will grapple with the prospect of steel oversupply
ASEAN countries will grapple with the prospect of steel oversupply

Expansion investments are more focused on blast furnace production

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