ASEAN apparent steel consumption may rise marginally in CY'24

Construction, auto may witness declines this year. Manufacturing sees mixed trend, fabrication dips. SWIP may see marginal increase next calendar.

Morning Brief: Apparent steel consumption in the Association of Southeast Asian Nations (ASEAN) is expected to rise a marginal 0.3 million tonnes (mnt) to 8.2 mnt in 2024 from a level of 7.9 mnt in 2023. Real steel consumption is slated to increase to 7.9 mnt from 7.7 mnt in