[SMM Iron & Steel] ASEAN Steel Capacity Forecasted to Surge to 147 Million Tonnes

Published: Feb 26, 2026 18:00
Steel production capacity in the ASEAN region is on track to reach 147.2 million tonnes by the end of 2026. Much of this growth is located in Indonesia, Malaysia, and Vietnam, driven by large-scale Chinese investments. However, experts warn of "carbon lock-in" as only 12.8% of these new expansions utilize low-carbon Electric Arc Furnace (EAF) technology.

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