FTI anticipates steel bump
Infrastructure plans propping demand
Domestic steel consumption is estimated to grow 5-8% this year, supported by the government’s infrastructure investment projects, says the Iron and Steel Industry Club under the Federation of Thai Industries (FTI).
The club expects the government will support local steel producers through the Made in Thailand policy and the local content scheme to help the industry.
Nava Chantanasurakon, chairman of the Steel Industry Club, said government construction projects in the Eastern Economic Corridor (EEC), electric trains in Bangkok and other metropolitan areas as well as high-speed trains will benefit the…
