Southeast Asia: Will assets be utilised amid surge in steel capacity? Report

Insight 01 April 2021

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

Report summary

Despite lacklustre utilisation, Southeast Asia is witnessing a flock of steel capacity addition. Import dependence continues to remain high. Regional authorities are turning in support of domestic steelmakers. Amid a capacity boom, the region's supply dynamics are transforming – giving rise to the following questions: 1. How viable are the planned capacity expansions? 2. How should the region tackle overcapacity? 3. Will steel production be able to catch up? 4. What will be the impact on steelmaking raw materials such as iron ore and metallurgical coal? Our report assesses the severity of overcapacity in the region in conjunction with the actions being taken by authorities and manufacturers to increase steel output. Further, we evaluate the region’s path to self-sufficiency in steelmaking.

Steel production slated to grow but the threat of overcapacity looms
Protectionism strengthens foothold on steel
Southeast Asia must focus on becoming self-reliant to cater to the rising steel demand

Tables and charts

This report includes 6 images and tables including:

Planned capacity expansions in Southeast Asia (by country and technology)
Capacity surplus to rise despite improving utilisation
BOF production to catch up with EAF

Annual incremental seaborne iron ore imports
Safeguard duties implemented in 2020 by Southeast Asian economies
Protectionism and rising steel output to minimise share of steel imports in consumption