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The Steel Consumption of ASEAN Countries Grew 12%
Date:2017-06-03      View(s):1202      Tag:prime steel pipe, carbon steel pipe, steel pipe manufacturer
According to the reports of The Khmer Daily on Cambodia, responsible person of the association of southeast Asian steel(AISAF) pointed out recently, the steel demand of ASEAN countries will keep steady growth trend, Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam will maintain a growth rate of 5% to 6%. In 2016, ASEAN countries, steel consumption increased by 12%.

According to statistics, in the ASEAN countries, the growth in steel consumption in Vietnam last year was strongest, increased by 22.4% year-on-year; Thailand ranked second, increased of 15.1%; Philippines followed, increased of 15.0%, Indonesia also maintained more than 10% year-on-year increase.

Statistics show that ASEAN countries rely mainly on imports of steel consumption to meet. China is still the leading supplier of steel in ASEAN countries. Over the past three years, China's share of ASEAN imports has increased year by year, 53% last year, 52% in 2015, 42% in 2014.

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