Industry News

The following is a comprehensive analysis of the Thai light steel keel market, integrating core dimensions such as policy environment, supply and demand pattern, competitive situation, and opportunities and challenges:
1、 Market demand driving factors
Driven by large-scale infrastructure projects
The Eastern Economic Corridor (EEC) plan led by the Thai government and the construction of the new capital have driven a surge in demand for building materials. Light steel keel is widely used in commercial buildings and industrial plants, and the construction industry is expected to achieve a compound annual growth rate of 7.5% by 2025.
In 2024, the supply of commercial real estate will exceed 11 million square meters, and the vacancy rate of office buildings will be as low as 8%. The demand for light steel keel will be driven by both infrastructure and real estate.
Promotion of Green Building Policies
Thailand plans to increase the proportion of green building certification to 30% by 2030, and light steel keel will be included in the policy support scope due to its recyclability, adapting to low-carbon building standards.
Climate adaptability advantage
The geographical environment of high temperature, rainy weather, and frequent typhoons requires building materials to have high wind and earthquake resistance performance, and the structural advantages of light steel keel are in line with local needs.

2、 Supply Chain and Competitive Landscape
Insufficient local production capacity relies on imports
The utilization rate of steel production capacity in Thailand is only 29% (2024 data), and there is a shortage of local high value-added product production capacity. Light steel keel raw materials have long relied on imports.
China is the largest source of imports, accounting for 55% of Thailand's total steel imports, and the low price strategy has impacted local enterprises (local sales plummeted by 8.7% in the first five months of 2024).
Chinese Enterprises Accelerate Localized Production
Beixin Building Materials invested 143 million RMB to establish a 3000 ton light steel keel production line in Thailand, avoiding trade barriers and radiating to the Southeast Asian market.
Chinese companies integrate their supply chains through joint ventures (such as Xingrui Technology's Thailand base) to reduce logistics costs by 20%

3、 Core Challenge
The impact of China's low-priced dumping
In 2024, China's steel exports to ASEAN increased by 20.3% year-on-year, while Thailand's wire rod imports increased by 10%, compressing the profit margins of local enterprises.
High production costs
The shortage of industrial land has pushed up factory rents, coupled with rising electricity costs, resulting in a capacity utilization rate of less than 30% for local enterprises.