ASEAN car industry's drawn-out recovery to impact steel demand

摘要

Singapore—The ASEAN car industry’s recovery from the COVID-19 pandemic could be a prolonged process impacting steel demand for a longer period, while new waves of COVID-19 infections raise concerns that an upswing in gasoline demand will also be protracted. Data from the ASEAN Automotive Federation suggest that leading carmakers such as Indonesia and Thailand worked month by month to restore production and sales to pre-COVID-19 levels.