| The steel industry is the manufacturing industry,that’s important foundation of national development in which Thailand has to rely on imports from China as the second largest among trading partners.Because the Thai steel industry has a production structure that is not fully integrated from upstream to downstream,therefore the Thai steel industry lacks production potential for domestic demand.While China has been supported by a high level of technologies.The manufacturing sector to grow rapidly until a steel overcapacity supply over.In 2015 under the One Belt One Road policy that focuses on basic transport infrastructure investment.To reduce international trade barriers.At the same time,it will drive investment through member countries and encourage the value of trade between China and trade partners like Thailand.Therefore,is the source of this researchThis research divides the content to three parts as follows:First,the researcher studied the situation of Thai-China steel industry from the upstream,midstream to downstream industry structure.Including the overall situation of the steel industry of each country,including the problems of the Thai-Chinese steel trade conflict.The second part studied the factors that caused Thailand to import steel from China,divided into 3 factors as follows:Factors related to demand and supply of Thai steel,Factors related to Thai steel costs and factors related to government policy adapt to the domestic steel industry.The third part is the part that brings the information of the first part and the second part to analyze the content into 2 issues,namely the efficiency of the steel trade under the One Belt One Road policy by using the Gravity ModelThe research result found that The Thai steel industry hasn’t a complete production structure The midstream of global steel industry is considered to be the upstream industry in Thailand that relies on imports of raw steel from abroad to transform into semi-finished or finished steel products.That’s causing Thai steel prices have a higher cost than imported steel that includes transportation and taxes therefore has a deficit in steel trade.Due to lack of domestic productivity to respond domestic demand.For the steel industry,China is the country that produces the crudest steel in the world.With the production technology that creates economics of scale in the steel production process ranging from upstream to downstream steel industries.If there are restrictions on steel quality and the environmental impact that China is currently trying to reduce production and focus on production for quality rather than quantityTherefore,the efficiency of the steel trade in Thailand needs to rely on imports from China to continue growing.Due to the government policy of Thailand,there are many investment projects linked to the One Belt One Road policy,which is a factor driving the value of Thai steel trade as well.That’s problems of the Thai steel industry,It may take a long time to find a way to solve the problem.At the present,the Thai government has tried both to revive the Thai steel industry in the long-term and to issue trade remedies to solve short-term problems.In order to protect the domestic industry and improve the international competitiveness of steel market. |
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