Statistics from the Southeast Asian Iron and Steel Institute (SEAISI) show that of the 79.9 million tons of major steel production in Southeast Asia capacity planned to be put into production in Southeast Asia in the next ten years, 59.4 million tons will come from China-led projects.
According to SEASI's data, steel production in the Association of Southeast Asian Nations (ASEAN) countries reached 45.3 million tons in 2019, an increase of 5.70% year-on-year.
Quick market research on each proposed project and its progress.
Indonesia: 19.50 million tons
Indonesia's giant steel manufacturer PT Krakatau plans to add another 4 million tons of production capacity and increase its total production capacity to 10 million tons by 2025.
Philippines: 18 million tons
SEAISI said that in the next ten years, the largest planned production capacity in Southeast Asian countries will come from the Philippines, which will increase the supply of 18 million tons per year.
China's Panhua Group will build an integrated factory in Misamis Province in the east of the Philippines. It will produce steel billets, galvanized coils and color coated coils in three stages, with a total capacity of 10 million tons.
Malaysia: 11.3 million tons
The largest proposed new unit in Malaysia to date is a large-scale project of China Wen'an Iron and Steel Company, which is planned to be built in Sarawak Province.
The integrated plant has an annual production capacity of 10 million tons and will become the largest steel producer in Malaysia when completed.
The company stated that Eastern Steel currently has a blast furnace (BF) capacity of 700,000 tons per year, but will add another 1.3 million tons of capacity within three years.
Myanmar: 4 million tons
According to data from the Myanmar Iron and Steel Association (MISA), Myanmar imported 2.1 million tons of steel products-60% of which were long products in 2019. But its own billet production capacity is only 400,000 tons.
Kunming will build an annual production capacity of 2 million tons in two phases, and will produce hot rolled coils, bars, bars and profiles like Myingyan, although the completion date of the construction has not yet been disclosed.
Cambodia: 3.1 million tons
According to a Reuters news report in May 2019, China's huge Baowu Group has been considering transferring two blast furnaces and converters from western Xinjiang to Cambodia.
According to SEASI's statistics, the total production capacity will be 3.1 million tons per year, although the association did not provide a date when they expect the relocation to be completed.
Posted from stainless steel pipe fittings supplier, KAYSUNS