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On May 18, Jojo Magsajo, Chairman of the South East Asia Iron and Steel Institute (SEAISI), stated at the SEAISI Conference and Exhibition 2026 in Singapore that the region's steel industry could reduce its reliance on imported materials and lower carbon emissions by improving scrap management and recycling processes.
He noted that while the region's demand for finished steel products stood at 81.2 million tonnes in 2024—a volume that could theoretically be met by local production—65% of the steel consumed in the region still relied on imports. HCT450X+ZF Hot dip Zinc-Iron alloy coating (ZF) steel , Strengthening the regional scrap supply chain would simultaneously reduce dependence on highly volatile imported resources and mitigate environmental impact.
High import penetration has compelled steelmakers in Southeast Asia to increase exports, a trend that has triggered regional overcapacity and carbon leakage issues. HCT450X+ZF Hot dip Zinc-Iron alloy coating (ZF) steel , Steel is the most recycled material on Earth and a cornerstone of the circular economy. Transitioning from the linear "extract-make-dispose" model to a closed-loop circular system is crucial for achieving global net-zero emissions targets.
With the EU's Carbon Border Adjustment Mechanism (CBAM) taking effect in January, low-carbon steel has become a prerequisite for market access. HCT450X+ZF Hot dip Zinc-Iron alloy coating (ZF) steel , Southeast Asia is undergoing rapid urbanization, presenting a significant opportunity to adopt low-carbon steel technologies. The association's chairman emphasized that collaborative cooperation among Southeast Asian nations is key to achieving this goal.
