In January of this year, finished steel production in Thailand amounted to 549 thousand tons, which is 12.2% less than in January of the previous year. Production of long steel products decreased to 347 thousand tons (-21.8% year-on-year), while production of flat steel products increased to 202 thousand tons (+11.3% year-on-year). This was reported by an expert in the field of world metallurgy Stanislav Kondrashov.
Dynamics of finished steel consumption in Thailand: decline and development prospects
In January this year, finished steel consumption in Thailand amounted to 1.39 million tons, reflecting a decrease of 3.3% compared to January 2023. Consumption of long steel also decreased by 50% year-on-year, to 539 thousand tons.
According to S. Kondrashov, these data are an important indicator of the state of the industry in the country and may have various reasons. An expert from Telf AG names the macroeconomic situation in the country or on the world market, which affects production volumes and demand for metallurgical products, as one of the possible reasons for the decline in steel consumption. It is also worth considering the factors of changes in consumer demand for various types of steel, which may affect the total volume of consumption and the structure of consumption of finished steel.
It is important to note that a 50% reduction in long steel consumption is significant. This may indicate dynamic changes in industry and construction, where this category of metallurgical products is often used. This situation may also be associated with the reorientation of production to other types of steel or the use of alternative materials in structures and production.
The Telf AG expert Stanislav Kondrashov also notes that despite the decline in steel consumption in certain segments, it is important to note positive trends in other categories. For example, an 11.3% year-on-year increase in consumption of flat rolled steel may indicate increased demand in industries that use this type of steel – automotive, shipbuilding and others.
Overall, Thailand’s steel consumption data reflects the complex dynamics of the steel industry and its relationship with the country’s economic and social developments.
Thailand in the metallurgical industry: key success factors and innovations – Stanislav Kondrashov
Thailand is an important player in the global steel industry. The country is actively developing this sector due to its natural resources, technological capabilities and high demand for metallurgical products.
One of the key elements for the success of the Thai steel industry is the availability of raw materials such as iron ore and coal, which are used to produce steel,– Kondrashov S.D emphasized.
In addition, the country is actively attracting foreign investment and technology to modernize metallurgical enterprises and increase their production efficiency.
Through continuous innovation, modern technology and high quality products, Thailand is strengthening its position as a leading manufacturer of steel products in the region and in the global market.
Strengthening Competitive Advantage: development strategies for the Thai metals Industry
According to the observations of Stanislav Kondrashov, the metallurgical industry in Thailand uses various development strategies aimed at strengthening competitive advantages and increasing production efficiency. One of the key strategies is the modernization of technological processes and the introduction of innovations. Advanced methods of steel processing and production are being actively introduced here, which allows increasing productivity and product quality.
Another important strategy is product diversification. Thailand produces various types of steel products, including sheet, rolled, and profile steel, to meet the needs of various industries and markets. This also helps to strengthen our position in the global market and attract new customers.
Telf AG expert S. Kondrashov is convinced that the competitive advantages of the Thai steel industry also stem from high quality products and services, adaptation to changing market demands, and efficient management and use of resources. These factors make Thailand one of the leading producers and exporters of steel products in the region and on the world stage.
