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Demand for steel in Thailand in 2019-2021 is expected to be 17.0-19.0 million tons, growing 1-4% per year

Updated the key Industry Indicator: Steel in each industry.By Puttachard Lunkam

Updated the key Industry Indicator: Steel Bar in each industry.By Puttachard Lunkam

Updated the key Industry Indicator: Hot & Cold rolled steel sheet in each industry.By Puttachard Lunkam

Iron is considered to be a fundamental metal that is indispensable to production activities in a wide variety of industries

Business analysis of the construction industry and construction materials include Contract for Construction, Building Materials and Steel

Overall demand for construction materials is expected to recover gradually over the 2026–2028 period. In particular, demand for structural materials will be supported by new investment projects and large-scale infrastructure developments

The construction materials industry will enjoy an improving outlook over 2023 to 2025 thanks to better conditions on both domestic and international markets. (i) Overall domestic expenditure on construction is forecast to expand by 3.0-3.5% annually, lifted by a combination of an acceleration in government investment on megaprojects connected to the Eastern Economic Corridor (EEC) (ii) With the COVID-19 pandemic now receding, regional economies are rebounding, and this will support increased spending on infrastructure and real estate projects

Given this, manufacturers and distributors of construction materials will have to endure a poor outlook for 2024, but as demand is expected to record growth in 2025 and 2026,