As supply and demand for construction steel were not fully matched across different markets, regional supply-demand mismatches created price differentiation, which in turn drove the cross-regional circulation of steel resources. When the regional price spread gradient was appropriate, regions with surplus construction steel capacity and production often shipped excess resources out, thereby rebalancing construction steel resources across regions.

March planned rebar production was 7.9565 million mt, an increase of 923,500 mt from February’s actual production, up 13.13%. March planned wire rod production was 3.1036 million mt, an increase of 466,300 mt from February’s actual production, up 17.68%. In March, the long steel export schedule for sample steel mills was 712,000 mt, an increase of 137,000 mt MoM; of which the steel billet export schedule was 270,000 mt, down 23,000 mt MoM.

March planned rebar production was 7.9565 million mt, an increase of 923,500 mt from February’s actual production, up 13.13%. March planned wire rod production was 3.1036 million mt, an increase of 466,300 mt from February’s actual production, up 17.68%. In March, the long steel export schedule for sample steel mills was 712,000 mt, an increase of 137,000 mt MoM; of which the steel billet export schedule was 270,000 mt, down 23,000 mt MoM.

On May 19, Thailand’s BOI introduced four measures to support local firms facing U.S. tariffs.

According to China News Service, Naris Chaisuree, Secretary General of the Thailand Board of Investment (BOI), told the media on the 19th that the BOI had launched four new measures aimed at enhancing the competitiveness of small and medium-sized enterprises (SMEs) in Thailand, mitigating risks arising from US trade policies, and integrating Thai enterprises into the global supply chain. These measures include discontinuing investment incentives for industries facing potential supply surplus or trade-related risks. Additionally, incentives for the steel manufacturing industry will also be abolished, including those for long steel products, hot-rolled steel plates, thick steel plates, and various steel pipes.

[Steel Mill Maintenance] On March 29, Ningxia Jianlong Steel conducted maintenance on a 1,280 m³ blast furnace, which is expected to last for 11 days. The maintenance is anticipated to affect pig iron production by approximately 3,000 mt per day. [SMM Steel]