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Thai steel industry to develop road map

The Thailand’s Industry Ministry will call on local steel manufacturers to collaboratively design a 5 to 10 year roadmap for the development of the country’s steel industry to serve new targeted industries in the flagship Eastern Economic Corridor. The roadmap plan is aimed at improving the country’s steel industry, in line with the S-curve policy, focusing on high-tech manufacturing and special-grade steel products to serve government mega projects. Industry Minister Uttama Savanayana said most megaprojects are infrastructure, which would make the steel industry the key supplier of construction materials. Mr Uttama said that “The new steel roadmap will increase long-term core competency for local manufacturers as they can support many industries in the country by providing high quality steel. Many megaprojects will be implemented in 2019 and they will increase steel demand, especially for premium products.”

He added the new’ targeted industries also need premium-graded steel. For example, the automotive industry is a key sector for Thailand and demands speciality’ steel to serve manufacturing.
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