New sources of steel demand and steel market developments in the ASEAN region
Stakeholder focus event, March 2020 (postponed)
While Covid-19 and consequent measures led to a postponement of the March 2020 events, the materials developed for the GFSEC stakeholder event and the open session are available below (materials will continue to be added on a regular basis). Stakeholder presentations do not necessarily reflect the views of the GFSEC or its members.
New sources of steel demand
Significant changes in consumer preferences and rapid technological advances are changing the business environment for the steel industry in a major way. An already cyclical industry now needs to adapt to structural changes in steel demand, as society calls on the industry to produce different and better types of steel products to meet its needs.
To learn more:
Steel market developments in ASEAN economies and future prospects: growth, risks and way forward
Southeast Asian economies have become increasingly important for the global steel industry. Steel demand in the six major economies of the Association of Southeast Asian Nations (the so-called ASEAN-6, i.e. Indonesia, Malaysia, Singapore, Thailand, Philippines, and Vietnam) amounted to 91 million tonnes in 2018, up by 22% in a matter of five years. Today, steel demand in the ASEAN-6 exceeds that of Africa, the CIS, the Middle East, and South America.
To learn more: