Thailand’s steel industry has announced that prices across all product categories are expected to increase by 10–15% in April, driven by rising energy, logistics, and raw material costs.
According to the Federation of Thai Industries, producers can no longer absorb mounting costs, with Vice Chairman Nava Chantanasurakon confirming that the price hikes will apply broadly across the market.
The industry faces multiple cost pressures, including:
👉 Higher transportation and freight costs
👉 Rising fuel and electricity prices
👉 Volatility in global supply chains
Thailand’s heavy reliance on imported raw materials such as scrap further amplifies the impact of global price fluctuations.
Industry representatives have also warned that a second round of price increases could follow in May if cost pressures persist.
In response, producers are calling for:
👉 Antidumping measures
👉 Stronger government support to protect domestic competitiveness
Despite the challenges, no layoffs have been reported, supported by ongoing infrastructure demand.
VietnamSteel by Hoa Sen Group
