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Update of Steel Trade in ASEAN-6 in the Q1 of 2021


According to Mr. Yeoh Wee Jin’s presentation at SEAISI 50th Anniversary e-Conference & Exhibition, finished steel export in Indonesia, Malaysia and Vietnam registered a significant growth rates despite of the pandemic and economic slowdown in 2020.
Indonesia’s finished steel export have been increasing in the past mainly from increase in capacity and exports of plates and stainless steel. In 2020, export of hot rolled plate increased 22.7% y-o-y to 955,000 tonnes. The volume, however, dropped from 222,283 tonnes in the first quarter of 2020 to 128,386


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