Reference
·Supporting source
Thailand HRC capacity utilisation (2020-2024)
~28-30% (2024)
Thailand's HRC mill utilisation collapsed from roughly 50% in pre-COVID years to under 30% by 2024 per ISIT and SEAISI commentary, as Chinese low-cost import surges absorbed marginal demand. SSI reported HRC sales volume of about 1,012,000 tonnes in 2020 against 4 million tonnes of installed capacity — implying single-mill utilisation of around 25%. The aggregate Thai mill landscape sits structurally below 30% utilisation; mills survive on niche specifications, premium grades, and short-haul logistics advantages versus Chinese imports.
Figure in context
Thailand's HRC mill utilisation collapsed from roughly 50% in pre-COVID years to under 30% by 2024 per ISIT and SEAISI commentary, as Chinese low-cost import surges absorbed marginal demand. SSI reported HRC sales volume of about 1,012,000 tonnes in 2020 against 4 million tonnes of installed capacity — implying single-mill utilisation of around 25%. The aggregate Thai mill landscape sits structurally below 30% utilisation; mills survive on niche specifications, premium grades, and short-haul logistics advantages versus Chinese imports.
Interpretation notes
What this tells you
Thailand's HRC mill utilisation collapsed from roughly 50% in pre-COVID years to under 30% by 2024 per ISIT and SEAISI commentary, as Chinese low-cost import surges absorbed marginal demand. SSI reported HRC sales volume of about 1,012,000 tonnes in 2020 against 4 million tonnes of installed capacity — implying single-mill utilisation of around 25%. The aggregate Thai mill landscape sits structurally below 30% utilisation; mills survive on niche specifications, premium grades, and short-haul logistics advantages versus Chinese imports.
What not to do with it
Values in percent of installed capacity. ISIT bulletins occasionally aggregate flat, long product utilisation; HRC-only slice is consistently weaker.
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 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
Sahaviriya Steel Industries (SSI) revenue trend
Sahaviriya Steel Industries SET filings, SSI Annual Report 2024, SET listed company snapshot