Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Myanmar’s steel demand is likely to grow to 5.4mn mt in 2030, stated Myanmar Steel Association (MSA). The country aims to curb steel imports and fulfil the requirements domestically.


Myanmar imported iron and steel products worth $1.047bn for the construction sector in the first ten months of the current fiscal October-July (2019-2020), according to the data released by Ministry of Commerce, cited by media reports. The country imported iron and steel products worth $495.29mn during the period. 


The country intends to set up iron and steel industrial zone to reduce the outflow of US dollar and carry out the development of steel industry and assisting in the country’s infrastructure building. The project is scheduled to commence within 3-5 years. The government needs to support the steel sector by granting tax relief and land rights, controlling illegal import, implementing anti-dumping law and formulating steel policy, MSA said.

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