Two local steel manufacturers -- Thai Coated Steel Sheet Ltd (TCS) and Thai Cold Rolled Steel Sheet Plc (TCRSS) -- have decided to merge to survive the undulations of the steel market given major economic uncertainties as a result of Washington's trade policy. The announcement was made on Tuesday after the EAF Long Product Steel Producers Association earlier warned US President Donald Trump's tariffs are expected to damage the steel market, with a decline in steel consumption likely. In addition to the enforcement of Trump's tariffs, currently delayed for 90 days from early April to allow countries to negotiate with the US, the Thai steel industry is struggling with low-cost steel imports from China.
Author: Lamonphet Apisitniran
Published at: 2025-05-27 22:55:00
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