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South-east Asia steelmakers aim to emerge from China's shadow
Regional countries are taking on China imports by upgrading steelmaking technology and imposing tariffs
Add BT as a preferred sourcePublished Thu, Jun 23, 2016 · 09:50 PM
Bangkok
AS a construction boom spurs steel demand across South-east Asia, countries such as Vietnam, Indonesia and Thailand are challenging a flood of imports from China by retooling their steelmaking technology or imposing tariffs.
US and European steelmakers are leading complaints over alleged dumping, but cheap Chinese imports account for two thirds of steel consumed in many South-east Asian countries. The region includes six of the top 10 buyers of Chinese steel, and capacity utilisation in its own mills has slumped to less than 40 per cent.
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