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Ministry told to tackle steel output glut
Bangkok Post
|June 30, 2025
The Industry Ministry must take serious action to curb manufacturing of rolled steel in Thailand in order to prevent oversupply, in addition to bracing for higher US tariffs on steel and aluminium, says the Federation of Thai Industries (FTI).
The glut is attributed to various factors, including an influx of low-cost steel products into the Thai market, while steel and aluminium duties affect the international trade of Thai manufacturers.
Authorities should not permit the construction of new factories and production capacity expansion for hot and cold rolled steel for at least five years to help local manufacturers maintain their businesses, said Nava Chantanasurakon, vice-chariman of the FTI.
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