According to the Iron and Steel Institute of Thailand (ISIT), Thailand's finished steel consumption in April was about 1.34 million tons, marking a 0.1% year-on-year increase. This was the first rise following declines of 25.1% in March, 7.2% in February, and 3.3% in January this year.
In March, Thailand's finished steel output reached around 508,000 tons, reflecting a 1.6% decrease from the previous month and a significant 17.7% drop compared to the same period last year. The production of long products saw a notable decline of 20% year-on-year, amounting to approximately 350,000 tons. Meanwhile, flat product production also fell by 9.9% year-on-year, totaling around 157,000 tons.
Despite the output reduction, the consumption of finished steel in March increased by 2.5% month-on-month, though it still represented a substantial 25.1% year-on-year decrease, totaling 1.3 million tons. Specifically, the consumption of long products decreased by 11.4% year-on-year to about 494,000 tons, and flat product consumption dropped by 31.5% year-on-year to about 803,000 tons.
In contrast, April's data suggests a stabilization in the market. Flat steel consumption rose by 3.9% year-on-year, reaching approximately 840,000 tons. However, long steel consumption continued to face challenges, falling by 5.7% year-on-year to around 499,000 tons, largely due to delayed government payments affecting construction activities.
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