The Iron and Steel Institute of Thailand (ISIT) predicted that Thailand’s apparent steel consumption would rise to 16.17 million tons this year from 14.65 million tons in a year ago. In the first 10 months of this year, the country’s apparent steel consumption increased by 8.3% to 13.49 million tons and the steel output declined by 7.9% to 5.62 million tons. In the given period of time, the country’s steel imports rose by 20.3% to 9.07 million tons while exports increased slightly by 1.6% to 1.2 million tons. It’s analyzed that the strong demand from the Thailand’s automobile industry boosted the country’s apparent steel consumption to increase.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=62216&division=A6
