SEAISI Update on Upcoming Steel Projects in ASEAN
The South East Asia Iron and Steel Institute in a recent brief has updated the status of under implementation steel projects in ASEAN. It said “Despite the
12 Jul, 2021 , 3:24 am
The South East Asia Iron and Steel Institute in a recent brief has updated the status of under implementation steel projects in ASEAN. It said “Despite the COVID-19 pandemic turmoil, ASEAN region is expected to remain the focal point for steel project investments. The region is one of the fastest growing regions in the world with more emerging markets coming up. Economic developments in the region are expected to drive demand and there are still opportunities to cover demand and supply gaps for steel products. Government policies and incentives will continue to attract potential investment into the steel sector. Furthermore, the region’s less strict environment policy has somehow allowed flow of steel projects from China and from the rest of the worl
SEAISI: ASEAN economies hit by pandemic in 2020, Vietnam sees less damage Wednesday, 19 May 2021 12:24:21 (GMT+3) | Istanbul
The South East Asia Iron and Steel Institute (SEAISI) has made a statement regarding the economic performance in ASEAN-6 countries during Coronavirus pandemic. Accordingly, ASEAN economies have been hit by the pandemic with severe contractions in many economic sectors amid restrictions.
Indonesiaâs economy has slowly recovered in the second half of 2020 as many sectors and activities re-open. Mining, manufacturing and construction sectors registered a decline of 2-3 percent, while construction sector is expected to grow by 5.2 percent in 2021. The countryâs GDP growth rate slowed down at 2.07 percent in 2020 is expected to pick up at five percent in 2021.
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