PUBLISHED : 1 Feb 2024 at 06:52
Thailand’s capacity utilisation in the steel industry continues to decrease, following the slow economic recovery and the influx of cheap steel from China, says Tata Steel Thailand Plc (TSTH), a unit of India’s largest steelmaker.
A delay in the state budget planning for fiscal 2024, following the 2023 general election and the lengthy process forming a coalition government, also resulted in sluggish steel manufacturing in the country.
“We…
