Reference
·Primary source
Thailand apparent steel consumption
~16.7M tonnes (2024)
Thailand's apparent finished-steel consumption reached roughly 16.7 million tonnes in 2024 per Iron & Steel Institute of Thailand (ISIT), up about 2.5% year-on-year on slow construction and infrastructure pickup. ISIT projects 2025 demand at 16.64 million tonnes (+1.9% YoY) as EEC industrial build-out, mass transit projects, and EV plant construction generate downstream steel pull. The structural mismatch persists: Thai mill capacity is around 10 million tonnes, apparent demand 16-17 million tonnes, so imports remain >10 million tonnes per year — split roughly 50-60% China, 15-20% Japan/Korea, balance Vietnam/India.
Figure in context
Thailand's apparent finished-steel consumption reached roughly 16.7 million tonnes in 2024 per Iron & Steel Institute of Thailand (ISIT), up about 2.5% year-on-year on slow construction and infrastructure pickup. ISIT projects 2025 demand at 16.64 million tonnes (+1.9% YoY) as EEC industrial build-out, mass transit projects, and EV plant construction generate downstream steel pull. The structural mismatch persists: Thai mill capacity is around 10 million tonnes, apparent demand 16-17 million tonnes, so imports remain >10 million tonnes per year — split roughly 50-60% China, 15-20% Japan/Korea, balance Vietnam/India.
Thailand's apparent finished-steel consumption reached roughly 16.7 million tonnes in 2024 per Iron & Steel Institute of Thailand (ISIT), up about 2.5% year-on-year on slow construction and infrastructure pickup. ISIT projects 2025 demand at 16.64 million tonnes (+1.9% YoY) as EEC industrial build-out, mass transit projects, and EV plant construction generate downstream steel pull. The structural mismatch persists: Thai mill capacity is around 10 million tonnes, apparent demand 16-17 million tonnes, so imports remain >10 million tonnes per year — split roughly 50-60% China, 15-20% Japan/Korea, balance Vietnam/India.
Time scope
FY2024 with 2025 ISIT projection
Source basis
Primary source
Interpretation notes
What this tells you
Thailand's apparent finished-steel consumption reached roughly 16.7 million tonnes in 2024 per Iron & Steel Institute of Thailand (ISIT), up about 2.5% year-on-year on slow construction and infrastructure pickup. ISIT projects 2025 demand at 16.64 million tonnes (+1.9% YoY) as EEC industrial build-out, mass transit projects, and EV plant construction generate downstream steel pull. The structural mismatch persists: Thai mill capacity is around 10 million tonnes, apparent demand 16-17 million tonnes, so imports remain >10 million tonnes per year — split roughly 50-60% China, 15-20% Japan/Korea, balance Vietnam/India.
What not to do with it
Apparent consumption = domestic production, imports - exports. ISIT compiles monthly from Customs and mill survey data.
Related figures
Adjacent numbers that add context without drowning the value.
Thailand steel and metal products sector revenue (2020-2024)
Iron & Steel Institute of Thailand, Federation of Thai Industries Steel Industry Club, Krungthai COMPASS, Statista
Thailand finished steel production share by mill
Sahaviriya Steel Industries annual report, Iron & Steel Institute of Thailand mill survey, Tata Steel Thailand filings, Hyundai Steel disclosures
Thailand HRC capacity utilisation (2020-2024)
Iron & Steel Institute of Thailand, South East Asia Iron & Steel Institute, Sahaviriya Steel Industries annual reports, Krungthai COMPASS sector note
Thailand steel imports from China (2020-2024)
Iron & Steel Institute of Thailand import statistics, Tata Steel Thailand investor presentations, Thailand Department of Foreign Trade anti-dumping case file, S&P Global commodity insights
Active Thai anti-dumping cases on Chinese steel
Thailand Department of Foreign Trade, S&P Global, GMK Center, Iron & Steel Institute of Thailand
Thailand EU CBAM Phase 2 exposure (steel)
Kasikorn Research Centre CBAM impact note, Nation Thailand, EU CBAM regulation, Iron & Steel Institute of Thailand