Thailand’s steel industry suffers as cheap imports from China flood market

[webfact]

Steel industry capacity utilisation in Thailand is on a downward spiral, with Tata Steel Thailand Plc (TSTH), a subsidiary of India’s largest steelmaker, attributing this trend to the sluggish economic recovery and the influx of inexpensive steel from China.

 

The postponement of the fiscal 2024 state budget planning as a consequence of the 2023 general elections and the protracted process of forming a coalition government has further resulted in a downturn in the country’s steel production.

 

With a call to action for the government, Tarun Kuma Daga, president and chief executive of TSTH, stated: “We hope the government will speed up its budget distribution via infrastructure development projects to drive domestic steel demand.”

 

In the previous year, Thailand’s steel consumption witnessed a year-on-year decrease of 9.1%. Compounding this issue, Daga expressed concerns over the increasing imports from China, which are undermining the local steel market, reported Bangkok Post.

 

by Alex Morgan

Picture courtesy of Bangkok Post

 

Full story: The Thaiger 2024-02-01

 

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[Crossy]

It's the same in the UK, Port Talbot steelworks (also owned by Tata) is in trouble too.

 

I believe the current planning is to concentrate on producing smallish runs of specialist steels rather than try to out compete the Chinese in the mass market.

 

We shall have to see what occurs.

[Lacessit]

With the collapse of the Chinese building industry, the steel producers in China have to find a new home for what they manufacture.

It also depends on how many long-term contracts they have for the raw materials - iron ore and coal.

[jacko45k]

6 minutes ago, Crossy said:

It's the same in the UK, Port Talbot steelworks (also owned by Tata) is in trouble too.

 

I believe the current planning is to concentrate on producing smallish runs of specialist steels rather than try to out compete the Chinese in the mass market.

 

We shall have to see what occurs.

Steel production getting moved to where countries are subsidized to pollute by those trying not to.

[mikebell]

The price you pay for a joint Sino/Thai rail project.

[retarius]

9 hours ago, jacko45k said:

Steel production getting moved to where countries are subsidized to pollute by those trying not to.

True, emissions numbers for countries need to be amended to include emissions from countries where products like steel are actually used.

[VocalNeal]

11 minutes ago, retarius said:

True, emissions numbers for countries need to be amended to include emissions from countries where products like steel are actually used.

 

I think they are called carbon credits. they have to make money somehow🤔

[Luuk Chaai]

Thailand should be producing their own steel products ..  and put heavy tariffs on any steel imported from China

in fact the entire world should put / raise tariffs on anything from China

[zhounan]

By 2049, all Thais will have PRC citizenship nd drink of the sweet nectar of the Community of Shared Future.

Edited February 1 by zhounan

[kickstart]

1 hour ago, Luuk Chaai said:

Thailand should be producing their own steel products ..  and put heavy tariffs on any steel imported from China

in fact the entire world should put / raise tariffs on anything from China

Thy do they are two steel mills near me one in Lopburi province the other in Singburi province, and they are others. around the country 

Our Lopburi mill uses old scrap steel, to make new steel using ark fusion, not coal/coke powered furnaces.

Have noticed lately that our plant is now making more channel iron steel, when then they first opened 1997, thay only make steel wire, and have done up to the past 2-3 eras, as the OP said it is China making cheap steel.

[PETERTHEEATER]

Say noah to ark fusion....

Tata for now...

[Tailwagsdog]

8 hours ago, zhounan said:

By 2049, all Thais will have PRC citizenship nd drink of the sweet nectar of the Community of Shared Future.

The solution is to destroy the communists, the have never been elected to govern. They are a menace to freedom & liberty. 

[bokningar]

And in another tread here

"The Ministry of Industry has revealed that Russia expressed interest in introducing steel products to Thailand"

That will help

[Purdey]

Free market economy?

But China subsidizes its steel and Thailand would never dream of that...

[Rimmer]

An off topic post about Brexit has been removed

[ROGER DUNN]

Why are China allowed to let Cheap imports into the country ??