ASEAN’S APPETITE FOR STEEL RISING

ASEAN’S APPETITE FOR STEEL RISING

ASEAN countries\' steel market consumption is expected to exceed 90 million tons by 2019, a growth of 6 percent, according to a new study entitled ASEAN Countries Steel Market Outlook 2015-2019.

Steel consumption for infrastructure and construction is likely to exceed 47 million tons by 2019 with governments funding construction of road, rail, and airport infrastructure driving the growth. The mechanical machinery market is also likely to grow by 5 percent, exceeding 12 million tons by 2019. 

“Moreover, the growing middle-class population in emerging economies will lead to an increase in demand for residential properties. All these factors will drive steel demand during the forecast period,” says Chandrakumar Badala Jaganathan, lead research analyst at report publisher Technavio.

 

Latest Issue

Construction & Property Magazine title=Issue # 031

Advertisement

Star Coating Solution KCC Paint title=
Polygon R-Pip title=
Multico  title=

Stay Connected

Camcona
Campu Lunpac
Comin Khmer
ETS Cambodia
LCC
SCG
MULTICO
Ocean
Seara Sports Engineering and Creation Asia (Cambodia) Co., Ltd.
TEM
TPC
Wiki
Rinnai
Kansai Paint
Cambodia Business Partner
Camcona Group
KRock
Plus Enterprise
United Mercury Group
Muhibbah Engineering (Cambodia) Co., Ltd
Dynamic Scientific Co., Ltd
CBMS
BMSC Business Machines & Supplies Center
Business Machines & Supplies Center (BMSC)
home.58cam
UPG Cambodia
Fuxin Steel Buildings co. ltd
Phnom Penh Precast Plants co. ltd
Legrand
Sika Cambodia
Group Four
Sokea Garden
ISI PALM co., LTD
Star 5 Condo
Diamond Glass
Schwing Stetter India
YY TYY Taiwan