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The Southeast Asia Galvanized Steel Market is expected to grow at a CAGR of 13.0% from 2021 to 2028 to reach USD 24,209.3 million by 2028 from an estimated USD 10,283.2 million in 2021. By volume, this expected to record a CAGR of 12.4% from 2021 to 2028 to reach 25,893.4 thousand tons by 2028 from 11,422.8 thousand tons in 2021. The growth of this market is driven by increasing infrastructure investments in the region and rising GDPs in the region. However, the impact of COVID-19 on steel consumption in Southeast Asia, a decline in the purchase of Chinese steel among Southeast Asian countries, and ASEAN countries’ ban on induction furnaces manufactured in China are expected to restrain the market’s growth. In addition, rapid urbanization in the region, growing automotive markets in the region and the establishment of the ASEAN economic community are expected to create growth opportunities for Southeast Asia Galvanized Steel Market.
Here are the top 10 companies operating in the Southeast Asia Galvanized Steel Market
POSCO is a steel company that has businesses in ironmaking, steelmaking, and the production & sales of rolled steel products.
The company offers a wide range of products, including hot rolled steel, steel plate, wire rod, cold-rolled steel, galvanized steel, electrical galvanized steel, electrical steel, stainless steel, and titanium. POSCO has six hot rolling plants and one high mill plant in Pohang and Gwangyang that produce 9.8 million tons of hot-rolled products each year, garnering a global reach. Hot rolled products are used extensively for various applications, including machines, architectural structures, car structures, general/API steel pipes, and cold rolling.
The company operates its Southeast Asia business through its subsidiaries, namely, PT. Krakatau Posco (Banten), POSCOVietnam, POSCO-Malaysia, POSCO-Thainox, and Myanmar POSCO Steel.
Through its subsidiaries and a strong distribution network, the company has its presence across Japan, China, Asia (others), North America, and other countries.
POSCO operates through four reportable segments: Steel, Trade, Construction, and Others. POSCO Group’s businesses span 52 countries, with 162 corporate offices and worksites globally. The company caters to various industries, including automotive, construction, shipbuilding, energy, home appliances, and industrial machinery. As of 2020, the company had a headcount of 63,000 employees globally.
Nippon Steel Corporation
Nippon Steel Corporation manufactures steel products, such as steel plates, galvanized steel sheets, structural steel, pipes, and tubes for various industries, including automotive, shipbuilding, building & construction, and white goods.
Nippon Steel Corporation operates its Southeast Asia business through various subsidiaries, such as Nippon Steel Southeast Asia Pte Ltd (Singapore), PT. Nippon Steel Indonesia, Nippon Steel (Thailand) Co. Ltd, and Nippon Steel Vietnam Company Limited.
Through its subsidiaries, offices, and a strong distribution network, the company has its presence across Japan, Asia-Pacific, Europe, the Middle East, North America, Central America, and South America.
Nippon Steel Corporation operates through four reportable segments: Steelmaking and Steel Fabrication, Engineering and Construction, Chemicals and Materials, and System Solutions.
The company has a diversified product portfolio that includes steel plates, steel sheets, bar and rod materials, structural steel, pipes and tubes, railway, automotive, machinery parts, titanium, stainless, and steel slag. The company’s offerings cater to various industries, such as automotive, energy, infrastructure, and consumer electronics.
JFE Holdings, Inc. develops steelmaking products used worldwide for new applications in energy, resource recycling, and more.
JFE Steel Corporation, a subsidiary of JFE Holdings, Inc., manufactures and distributes various steel products, such as steel sheets, steel bars, wire rods, pipes & tubes, and galvanized steel, catering to the demand for steel in various industries, including shipbuilding, automotive, building & construction, furniture, and office equipment.
The company operates its Southeast Asia business through subsidiaries, such as JFE Meranti (Myanmar), JFE Steel Galvanizing (Thailand), and PT. JFE steel Galvanizing (Indonesia).
The company operates through three reportable segments: Steel, Engineering, and Trading. As of March 2021, the company had a headcount of 64,371 employees globally.
NS BlueScope Steel Limited
NS BlueScope steel limited is a 50:50 joint venture enterprise between BlueScope Steel Limited and Nippon Steel & Sumitomo Metal Corporation (Japan). The company’s offerings cater to the building construction, manufacturing, and home appliances industries with innovative, high-quality coated and painted steel products across ASEAN and the North American region.
NS BlueScope operates in 8 different countries with over 29 factories and 20 sales offices worldwide. The company offers its products under several brands, such as COLORBOND, TRUECORE, ZINCALUME, BlueScope ZACS, LYSAGHT, ENDUROFRAME, SMARTRUSS, and Ranbuild.
BlueScope Steel Limited operates through five reportable segments: Steelmaking Products, Building Products, Engineered Building Solutions, Properties, and Other.
With its subsidiaries and a strong distribution network, BlueScope Steel Limited has its presence across Australia, Asia, North America, New Zealand, and Other regions. As of June 2021, the company had a headcount of 14,300 employees globally.
JTL Infra Ltd. produces electric resistance welded (ERW) steel pipes. The company is one of the largest section pipe & tube manufacturers in India. JTL produces black & galvanized ERW steel pipes & tubes, hollow sections, and structural steel, extensively used in major engineering and construction projects.
With its strong distribution network, the company has its presence across India and the Southeast Asian region.
The company operates through five reportable segments: Black Pipe & Hollow Section, GI Pipe, Solar Tube, Coils & Others (Including Scrap), and Job Work. As of March 2021, the company had a headcount of 600 employees globally.
Meticulous Research in its latest publication on Southeast Asia Galvanized Steel Market has predicted the growth of 13.0% during the forecast year 2021–2028.
Hoa Sen Group
Hoa Sen Group produces various steel products, including galvanized steel sheets, and Aluminum-zinc coated steel sheets and steel pipes for manufacturing and construction industries. Hoa Sen Group manufactures and trades three main product groups: Hoa Sen Steel Sheet, Hoa Sen Zinc Pipe, and Hoa Sen Plastic Pipe.
Hoa Sen Group consists of different subsidiaries, including Hoa Sen Nghe An One Member Limited Liabilities Company, Hoa Sen Nhon Hoi – Binh Dinh One Member Limited Liability Company, Hoa Sen Steel One Member Company Limited, Hoa Sen Phu My One Member Limited Liabilities Company, Hoa Sen Ha Nam One Member Limited Liability Company, Hoa Sen Building Materials Company Limited, Hoa Sen Binh Dinh Sole Member Limited Company, Hoa Sen Yen Bai Joint Stock Company, and Hoa Sen Yen Bai Building Materials One Member Limited Liabilities Company.
With its subsidiaries and a strong distribution network, the company has its presence across local and export regions. As of September 2020, the company had a headcount of 7,209 employees globally.
Hoa Phat Group is the leading industrial manufacturing group in Vietnam. Currently, the Group operates in five sectors: Iron and steel (construction steel, hot rolled coil), Steel products (including steel pipes, galvanized steel, drawn steel wire, prestressed steel), Agriculture, Real estate, and Home appliances.
Steel production is the core business, accounting for 90% revenue and profit of the group. Hoa Phat is the largest steel producer in Southeast Asia and produces 8 million tons of crude steel per year.
Some of its subsidiaries are Hoa Phat Hai Duong Steel JSC (Vietnam), Hoa Phat Dung Quat Steel JSC (Vietnam), Hoa Phat Hung Yen Steel Co., Ltd (Vietnam), Hoa Phat Metal Producing Co., Ltd (Vietnam), An Thong Mineral Investment JSC (Vietnam), Hoa Phat Steel Pipe Co., Ltd (Vietnam), Hoa Phat Steel Sheet Co., Ltd (Vietnam), Hoa Phat Agriculture Development JSC (Vietnam), Hoa Phat Refrigeration Engineering Co., Ltd (Vietnam), and Hoa Phat Urban Development and Construction JSC (Vietnam).
The company operates through four reportable segments: Production and Trading of Steels, Agriculture, Other industrial production, and Real Estates. The company’s wide range of product portfolio includes construction steel, steel pipe, galvanized steel sheet, metal production, refrigeration, furniture, real estate, and agriculture. As of December 2020, the company had a headcount of 25,000 employees globally.
DONGKUK Steel Group
DONGKUK Steel Group produces steel products, such as steel plates, reinforcing bars, galvanized steel sheets, and pre-coated metals for building & construction, automotive, industrial machinery, white goods, and shipbuilding industries. The company operates its Southeast Asia business through its subsidiary DONGKUK Steel (Thailand) Ltd.
The company operates through four reportable segments: Reinforcing Bar & Section, Colled Rolled & Steel Plate, Steel Plate, and Other.
Nam Kim Steel Joint Stock Company
Nam Kim Steel Joint Stock Company (trademarked “Tôn Nam Kim”) is a private company and a leading coated steel manufacturer in Vietnam. Some of its subsidiaries are Nam Kim Corea Joint Stock Company (Vietnam), Nam Kim Steel pipe JSC (Vietnam).
With its subsidiaries and a strong distribution network, the company exports coated steel and other steel products across 50 countries worldwide.
Chinh Dai Industrial Co., Ltd
Chinh Dai Industrial Co., Ltd is a private company. The company is a leading manufacturer of galvanized steel rolls, galvanized steel pipes, and galvanized steel brackets, with its presence in numerous large-scale projects.
Chinh Dai Industrial Co., Ltd exports steel products into various countries, including Australia, India, the U.S., and Myanmar. The company’s offerings cater to various industries, such as building and construction, automotive, and white goods. The company has a major presence in Southeast Asia, Australia, the U.S., and India.
Popular Mention: FIW Steel Sdn. Bhd., Galvaco Industries Sdn. Bhd.
Authoritative Research on the Southeast Asia Galvanized Steel Market – Opportunity Analysis and Industry Forecast (2021-2028)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
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