24
May
16:45
ASEAN countries to gradually reduce EAF steel ratio
The steel industry in ASEAN countries will gradually shift from scrap-based to iron ore-based in the next five years, Kallanish learns from the South East Asia Iron and Steel Institute (SEAISI) secretary general Yeoh Wee-Jin.
At Tuesday’s 2022 ASEAN Raw Materials & Scrap Focus e-Event, Yeoh Wee-Jin said crude steel capacity in the ASEAN-6 countries will reach about 140 million tonnes/year in 2026, roughly doubling from 72m t/y in 2020. However,…
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Very good overview of the weekly steel market.
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