According statistics to released by the Southeast Asia Iron and Steel Institute, by the strong growth of manufacturing and construction to promote the 2011 ASEAN apparent steel consumption exceeded 50 million tons for the first time. Including Indonesia, Malaysia, Singapore, Vietnam, Thailand and the Philippines, six major economies, including ASEAN apparent steel consumption totaled 50.5 million tons, an increase of 4%. Last year, the steel consumption in Singapore, Thailand, Indonesia and the Philippines are growing.
 
Per capita steel consumption will usually grow with the economy as a whole, the ASEAN economic growth means that ASEAN steel market, there is still much room for growth. Southeast Asia Iron and Steel Institute estimates, driven by strong economic growth, the 2012 ASEAN steel consumption will maintain a growth rate of 7% -8%.
 
Potential for growth of the ASEAN countries, has become an important export destination of China's steel. Become a very important factor in the field to promote trade exchanges in the international seminar held last year, representatives from ASEAN. According to analysts, the average annual growth rate of the ASEAN countries, steel demand in the next few years is estimated at 6%, market demand continued to grow in Vietnam, Thailand, Malaysia, Indonesia, the Philippines and Singapore. Vietnam steel consumption grew the fastest.
 
The data show that Southeast Asia in the next five years, steel consumption structure will also produce a significant change, driven by plate consumption proportion to increase due to increased production of local cars and household appliances,. Steel types from the point of view, the proportion of hot rolled coil consumption in Southeast Asia from 44.1% to 36.8%, the coated sheet rose from 17.3% to 24.1%.
 
Packaging galvanized sheet, color coated and coated board, coated sheet, including an average annual demand growth rate will reach 9.1%, an increase of 4.9 percent over the same period of hot rolled coil.
 
ASEAN also hope to share the successful experience of the Chinese iron and steel industry, and through joint seminars, professional and technical training, and enhance the technical capacity of the ASEAN iron and steel enterprises in the aspects of product development, manufacturing and production operations.



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