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Thailand's finished steel output falls in March

In March, data from the Iron and Steel Institute of Thailand indicates that Thailand's production of finished steel totaled approximately 508,000 tons.

Thailand's finished steel output falls in March

In March, data from the Iron and Steel Institute of Thailand indicates that Thailand's production of finished steel totaled approximately 508,000 tons, marking a 1.6% decrease compared to the previous month and a 17.7% decrease compared to the same period last year.

Meanwhile, the consumption of finished steel increased by 2.5% compared to the previous month but declined by 25.1% compared to the same period last year, totaling 1.3 million tons. Long product consumption decreased by 11.4% year on year to approximately 494,000 tons, while flat product consumption fell by 31.5% year on year to about 803,000 tons.

In February, the country reportedly produced about 516,000 tons of finished steel, down 13.9% from a year earlier. Long product output was about 335,000 tons, down 12.7% year-on-year, while flat product output was about 182,000 tons in the same period, down 16%.

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