In Southeast Asia, silicon steel sheet markets thrive primarily in Vietnam, the Philippines, Indonesia, and Laos, driven by infrastructure expansion, manufacturing growth, and energy transition needs.
Vietnam and Indonesia lead demand, fueled by booming manufacturing (automotive, electronics) and large-scale infrastructure projects—Indonesia’s new capital development and Vietnam’s industrial park expansions boost consumption of high-grade non-oriented silicon steel ³. The Philippines, a regional silicon steel producer with stable output growth, caters to domestic power equipment demand and exports to neighboring markets ². Laos emerges as a high-potential market, with its hydropower development and grid modernization projects driving strong imports of oriented silicon steel for transformers, supported by a 12% annual growth in its transformer market ¹.
RCEP’s implementation and "Belt and Road" cooperation enhance supply chain integration, while local energy efficiency policies further stimulate market growth in these economies.