According to recent news from the Thai media, the Federation of Thai Industries revealed that the world steel market price has begun to fall. In June 2022, the price of finished steel in Asia fell by 3.2-4.9%, and fell by 5.2-16.3% in July. Mainly because of slowing demand for steel in certain countries. Thailand's steel demand fell 6.9% to 501 million tons in the first half of 2022, with steel product exports at 34.25 million tons, most of which were low-priced exports as purchasing power declined in some economies. In addition, Russia has been unable to ship steel products to the European Union because of sanctions, and turned to Asia to export low-priced finished steel. The situation of the Thai steel industry in the first half of 2022 was affected by the slowdown in the national economy and construction investment. The total demand for finished steel was 8.78 million tons, down 13% from the same period in 2021, making the actual capacity utilization rate of the Thai steel industry only 33%, which is a very low capacity utilization rate. Meanwhile, Thai steel producers face rising costs such as a 39.97% rise in energy prices and the prices of raw materials ordered by producers in April-May 2022, but Thai producers have been sluggish since June according to the weaker world steel market. The situation adjusted the selling price of steel. 

The global economy is showing a slowing trend, inflation, and the epidemic is still ups and downs, coupled with the protracted conflict between Russia and Ukraine, compared with the previous year, the world's steel demand may still decline, so countries have introduced corresponding measures after learning about the situation. Timely use of various trade measures, including anti-dumping protection subsidies, to protect its domestic steel industry from unfair trade.