Insight
Steel overcapacity in Southeast Asia – a looming threat and a path forward
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Southeast Asia's steel industry is at a critical juncture. Despite robust demand, the region's production capacity is set to double by 2030, risking overcapacity and market imbalances. Chinese investment are driving a shift towards carbon-intensive BF-BOF production, raising environmental red flags across the region. Will all planned expansion projects materialise amidst the volatile market weighed by a flood of cheap Chinese imports? What risks and opportunities lie ahead? How can the region balance growth, meet demand and ensure sustainability? Discover our in-depth analysis of Southeast Asia's looming steel overcapacity crisis and the path to a sustainable future.
Table of contents
- Capacity Expansion and Overcapacity Concerns
- Shift Towards Blast Furnace Production
- Trade protection intensifies as steel imports surge
Tables and charts
This report includes the following images and tables:
- Announced capacity expansions by country and technology (Total 108Mt; BOF: 71.2Mt, EAF: 36.7Mt)
- Announced capacity expansion projects
- BOF and EAF production forecast
- Overcapacity to aggravate despite improving utilisation rates
- Trade remedies implemented by Southeast Asian economies (2023-2025)
- Southeast Asia's dependence on steel imports eases over time
What's included
This report contains:
