Thailand’s steel industry urges government support as rising costs force price hikes
Time:Wed, 08 Apr 2026 08:58:48 +0800
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Thailand’s steel industry is calling for stronger government support as rising input costs are forcing producers to increase selling prices. According to the report, steel prices in Thailand are expected to rise by 10 to 15% in April, with the possibility of further increases in May if energy and freight costs remain elevated.
Industry players said they are facing pressure from higher transport costs, fuel expenses, international freight rates, and electricity prices, while Thailand remains heavily dependent on imported raw materials such as steel scrap. This has made the domestic steel sector more vulnerable to external shocks.
Although no layoffs are currently planned, producers warned that the industry’s competitiveness will continue to weaken without stronger policy support. Among the measures requested are tougher anti-dumping protections and greater use of locally produced steel in public infrastructure projects.
