The Grey Chronicles

2008.August.8

ASEAN Steel Demand (Consumption)


Koda, et. al. (1995) found that there is a tendency for steel demand in Asia to increase in proportion to GDP growth, yet would level off then decrease when GDP reached a certain level. On a country basis, such as the ASEAN countries, domestic demand can be estimated by both GDP and population trends.

Table 8: World/ASEAN Apparent Consumption of Finished Steel, 1994-2000

World/ASEAN Apparent Consumption of Finished Steel, 1994-2000

Table 8: World/ASEAN Apparent Consumption of Finished Steel, 1994-2000

Shown above is the tabulation of apparent finished steel consumption of ASEAN countries plus other countries in Asia (refer to Appendix G for the complete table of raw data used to generate Figures 14-16).


World/ASEAN Apparent Consumption of Finished Steel, 1994-2000

Figure 15: World/ASEAN Apparent Consumption of Finished Steel, 1994-2000

Moreover, the apparent consumption of finished steel, although shows an increasing trend for the previous years to 2004 as illustrated in Figure 15, was slowed during the Asian Financial Crises. Apparent consumption in ASEAN, however, belatedly regained momentum only by the year 2002, in contrast with the earlier resumption of upward trend for the whole of Asia and the world (see also Figure 14 previously).

Vietnam’s apparent finished steel consumption, seemingly unaffected by the slowdown during the Asian Financial Crises, continued its upward trend from 1995. NatSteel Asia (SEAISI Newsletter, March 2007) believes that this growth in Vietnam will continue to grow strongly because its steel consumption per capita is still relatively low.


Notes:

Koda, S., Kaihara, T. and Dobashi M. (1995), “Steel Demand Projection in Asia,” Tokyo: Kawasaki Steel, 03 August 1995. pp. 1-5. back to text

Santiono, Jati (ed.) (2007), “Vietnam imposes 7% tax on Philippine CRC.” SEAISI Newsletter, Selangor, Malaysia: Tan Ah Yong, March 2007. pp. 7, 9. back to text

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