[SMM Hot Topic] Analysis of the Current State of the Steel Industry in Southeast Asia — Thailand (Part 2)
게시됨: Mar 21, 2025 10:20
출처: SMM
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According to a survey by the World Steel Association (WSA), the main reasons for the consistently low steel capacity utilisation rate in Thailand are due to the reliability, efficiency, and cost of steel mill production. In 2024, the local steel capacity utilisation rate in Thailand was less than 30%, still requiring a large amount of imports to meet domestic steel demand, placing the country in a net import position. At the same time, the absolute value of per capita crude steel consumption in Thailand remains at a relatively low level, with significant room for growth. The local crude steel capacity utilisation rate is low, and in January 2025, the Board of Investment (BOI) of Thailand announced the latest version of the investment promotion guidelines, stating that applications for new long and flat steel product projects would be cancelled, allowing only existing projects to apply for investment incentives based on smart and sustainable industrial standards. Moreover, the incentive levels were uniformly adjusted from the previous A4 or B grade to B grade, reflecting the difficulty in increasing new steel capacity. Therefore, although some anti-dumping investigations have been initiated, the status as a net importer may be hard to change in the short term...