Scrapex Banner
Author: 10 Apr 2012 Last updated at 09:23:19 GMT

ASEAN Steel consumption up by 4% to 50.5 mn tons in 2011: SEAISI

KUALA LUMPUR (Scrap Monster): Apparent steel consumption in ASEAN increased by 4% to 50.5 million tons last year, as per latest data released by South East Asian Iron and Steel Institute (SEAISI ).

According to SEAISI data,

--Singapore's steel consumption surged significantly by more than a million tons year-on-year to 3.8 million tons in last year.

--Thailand's steel consumption increased by 3% year-on-year amidst the severe flood situation and the economic slowdown in the country.

--Steel consumption in Indonesia advanced by 8% year-on-year to 9.7 million tons in the same peroid.

--Steel consumption in Philippines increased by 8% year-on-year to 4.3 million tons in 2011.

--Malaysia's steel consumption declined by 3.2 % year-on-year to 8.05 million tons in 2011.

--Vietnam's steel consumption tight monetary and fiscal policies slowed down its domestic steel demand dropped sharply by 5.4 % to 10 million tons in last year.

Other News: Barclays: Silver prices set to remain volatile

Other News: LME Copper hits one month low of $8,202.75/ton as Chinese imports slide

METAL PRICE CHARTS

GET PRICE CHARTS

Platinum Scrap Price Charts

Silver Scrap Price Charts

14ct Gold Scrap Price Charts

RELATED NEWS

Thailand's scrap imports fell sharply in June '14

August 19th 2014 08:19 AM
Thailand's scrap imports fell sharply in June '14
The latest import statistics indicate that the scrap imports by Thailand during June this year rose marginally over the year

Chinese Ferrous scrap trader halts business as profit slides drastically

August 18th 2014 05:40 AM
Chinese Ferrous scrap trader halts business as profit slides drastically
Jiangsu province-based Fengli Group has halted sale and collection of scrap for the week citing weak demand and low prices

Ryerson says 2Q profit climbed on higher metal prices

August 15th 2014 07:47 AM
Ryerson says 2Q profit climbed on higher metal prices
Ryerson Holding Corp. said profit soared more than 62 percent in the second quarter due to the higher prices for…

Pair accused of stealing scrap metal in Swatara Township

August 14th 2014 03:23 PM
Pair accused of stealing scrap metal in Swatara Township
Two men are facing charges after police say they stole scrap metal from a Swatara Township business on July 19
blog comments powered by Disqus
Next Story