Thailand Steel Industry

Thailand: Steel covers the global, ASEAN and Thailand steel industry overview, the country’s industry performance in terms of production, capacitlity utilisation, consumption, imports, exports and prices. It also covers the market trends in terms of investment, anti-dumping duties, impact of Thai floods, impact of Chinese exports, government strategies and market outlook, plus the profile, comparative matrix and SWOT analysis of the industry leading players: Sahaviriya Steel Industries Public Company Limited (SSI), G Steel Public Company Limited (GSTEEL) and Tata Steel (Thailand) Public Company Limited (TSTH).

Summary

The global steel industry was faced with many challenges in 2011 and H1/2012, arising from the adverse external environment, soft international steel demand and volatile raw material prices. Thailand was hit hard from both the global economic uncertainty and local massive flooding, causing the GDP y/y growth in 2011 to drop to mere 0.1% compared to the plan of 4.5%. Overall, the country’s steel production and exports declined significantly as the floods disrupted supply chains and operations in Q4/2011.

Domestic steel consumption increased by 3.3% y/y to 14.5mn tonnes in 2011, much lower than the 31% increase in 2010. The Iron and Steel Institute of Thailand (ISIT) estimated that steel consumption in 2012 would grow by at least 5%, driven by post-flood reconstruction spending from both the public and private sectors. The growth in the demand for steel would also be supported by a significant expansion in the automotive and electronic industries.

Many domestic steel companies were badly affected by the severe floods and global economic slowdown, which eroded their operating margins. Going forward, more resilience in operating results is expected as plants resume production to normal levels and sale volume increases.

1. Industry profile
1.1 Global steel overview
1.2 ASEAN steel overview
1.3 Thailand steel overview
1.4 Production
1.4.1 Productivity
1.4.2 Capacity utilisation
1.5 Consumption
1.6 Foreign trade
1.6.1 Imports
1.6.2 Exports
1.7 Prices

2. Market trends and outlook
2.1 Investment
2.2 Anti-dumping duties
2.3 Impact of Thai floods
2.4 Impact of Chinese exports
2.5 Government strategies
2.6 Market outlook

3. Leading players and comparative matrix
3.1 Company profile
3.1.1 Sahaviriya Steel Industries PCL
3.1.2 G Steel Public Company Limited
3.1.3 Tata Steel (Thailand) PCL
3.2 Comparative matrix
3.3 SWOT analysis

4. Tables & charts

Table 1: Global apparent steel use (ASU) for finished steel products (2011–2013)
Table 2: Global crude steel production (2009–2012) (mn tonnes)
Table 3: Top 10 steel producing countries (2011 vs. 2010) (mn tonnes)
Table 4: ASEAN apparent steel consumption (2011 vs. 2010) (metric tonnes)
Table 5: Thailand steel production statistics (2007–2011) (metric tonnes)
Table 6: Thailand production by finished steel products (2007–2011) (metric tonnes)
Table 7: Capacity utilisation rate by products (2007–2012) (%)
Table 8: Thailand apparent steel consumption of total steel products (2007–2011)
(metric tonnes)
Table 9: Thailand apparent steel consumption by finished steel products (2007–2011)
(metric tonnes)
Table 10: Thailand imports of iron and steel products (2007–2011) (metric tonnes)
Table 11: Thailand exports of iron and steel products (2007–2011) (metric tonnes)
Table 12: Asian steel prices (USD/tonne) (Jun 2010–Jun 2012)
Table 13: World steel prices (USD/tonne) (Jun 2011–Jun 2012)
Table 14: Global steelmaking raw material and input costs (Jun 2010–Jun 2012)
Table 15: Anti-dumping duties on hot-rolled steel products (as of May 2009)
Table 16: Flood impact on Thailand’s GDP in 2011
Table 17: Post-flood rehabilitation spending (2012–2014)
Table 18: Thailand construction, automotive and electronic industries outlook 2012
Table 19: SSI performance highlights (H1/2012 vs. H2/2011)
Table 20: SSI financial highlights (2007–H1/2012)
Table 21: GSTEEL income structure (2011 vs. 2010)
Table 22: GSTEEL financial highlights (2007–H1/2012)
Table 23: TSTH financial highlights (2007/08–Q12012/13)
Table 24: Key financial ratios comparison of the leading players

Chart 1: Top 10 steel producing companies in 2011
Chart 2: ASEAN production, import, export and consumption (2006–2011)
Chart 3: Thailand steel industry end-users in 2011
Chart 4: Thailand total steel production and consumption (2002–2011)
Chart 5: Industrial production index (2000=100) (2002–2012)
Chart 6: Labour productivity index (2000=100) (2002–2012)
Chart 7: Thailand import and export of iron & steel products (2002–2011)
Chart 8: Steel price index (% change y/y) (Dec 2000–Apr 2012)
Chart 9: Imported iron and steel from China (Q1/2008–Q2/2012)
Chart 10: TSTH revenue structure in 2011-12 (THB mn)

To read report in detail : Thailand Steel Industry 1H12

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