Tag: South East Asia may see crude steel overcapacity by 2030

Southeast Asia’s crude steel production capacity is expected to increase to 164.8 million tonnes (mnt) by 2030 which will create a problem of overcapacity, As Yeo Wi Jin, secretary general of the Southeast Asian Steel Association (SEAISI), said while speaking at the annual conference in Kuala Lumpur, Malaysia. In Southeast Asia, 2.2 mnt of electric…