Iron and Steel Institute of Thailand

The Iron and Steel Institute of Thailand (ISIT) is a not-for-profit entity under the Foundation for Industrial Development (FID), which itself falls under the Ministry of Industry (Thailand).

Iron and Steel Institute of Thailand (ISIT)
NicknameISIT
FormationNovember 2000
FounderGovernment of Thailand
TypeNot-for-profit
Headquarters75/6 RAMA 6 Thung Phaya Thai, Ratchatevee 10400
Location
  • Thailand
Coordinates13.783460°N 100.534400°E / 13.783460; 100.534400
Parent organization
Foundation for Industrial Development (FID)
AffiliationsMinistry of Industry (Thailand) - Industry Network

History, mission and activities

The Iron and Steel Institute of Thailand (ISIT) was established as an independent body by Thailand's Ministry of Industry under the Foundation for Industrial Development (FID) in November of 2000.[1] Their mission is to enhance the strength of the Thai iron and steel industry by uniting efforts between the state and the private sector.[2]

Some of the areas the ISIT has activities in are:

  • Thai Iron and Steel Industry Data Reporting
  • Accredited Laboratory Testing[3]
  • Advising the Thai government on trade issues and national planning[4]
  • Organizing and conducting professional industry symposiums[5]

In 2013, ISIT and five other ASEAN regional iron and steel associations joined forces seeking a review in the Asean-China Free Trade Agreement (FTA) following the dramatic influx of steel products from China into Asean. The ISIT and the other association presidents brought up their concerns with their respective governments.[6]

It was reported on November 8th, 2016 that ISIT, along with the 10 other independent organizations under the Ministry of Industry, were to be tasked to develop key Thai industries. This was part of the Ministry of Industry's proposed plan for a new venture capital fund to support startups and small and medium-sized enterprises (SMEs) in gaining access to funding.[7][8]

ISIT data on the Thai iron and steel industry is periodically cited in the news and other organization's reports.[9][10][11] ISIT has also issued reports in the past such as the "Thailand Steel Industry 2017 and Outlook 2018".[12]

In March of 2018, ISIT participated in discussions with the Thai Department of Foreign Trade (DFT) in its request to exclude Thailand from US tariffs on steel and aluminum product imports.[13]

On October 9th, 2018, it was reported that the ISIT teamed up with the Federation of Thai Industries (FTI) club in calling on the Thai government to speed up new measures to protect local steel makers from Chinese steel dumping. Both parties agreed the government should accelerate the country's anti-dumping measures to protect the Thai steel industry.[14]

Foundation for Industrial Development

ISIT, along with seven sister institutes, falls under the oversight of the Foundation for Industrial Development (FID), which is sometimes referred to in translation as The Industrial Development Foundation. The Board of Directors of the FID provides oversight to the Board of Directors of the institute.[15]

The other institutes under the FID are:[16]

Ministry of Industry Network
Industry Network Logo

On 1 March 2019, the driving committee of the institutions under the Ministry of Industry aimed to create public awareness of its network of institutions. An Industry Network logo was created to be used in publicizing the mission of the institution networks as a symbol of their cooperation in driving Thailand’s mission in the digital age.[17] ISIT is one of the institutes in this network and displays the symbol as one of its members.

See also

References
  1. Sevilla, Ramon C.; Soonthornthada, Kusol (Jul 2000). "SME Policy in Thailand: Vision and Challenges" (PDF). Institute for Population and Social Research: 50. Retrieved 8 Jul 2020. Cite journal requires |journal= (help)
  2. "Iron and Steel Institute of Thailand". SteelGuru India. Retrieved 30 Jun 2020.
  3. "Scope of Accreditation for Testing (TESTING 0225)". appdb.tisi.go.th. Retrieved 30 Jun 2020.
  4. Juntueng, Sirintip; Towprayoon, Sirintornthep; Chiarakorn, Siriluk (23 Mar 2020). "Assessment of energy saving potential and CO2 abatement cost curve in 2030 for steel industry in Thailand". Environment, Development and Sustainability. Springer Science and Business Media LLC. doi:10.1007/s10668-020-00691-4. ISSN 1387-585X. S2CID 214606692.
  5. "Thai-German Technology Symposium on Energy Efficient Solutions for the Iron and Steel Sector in Thailand – German International Cooperation Based in Bangkok". German International Cooperation Based in Bangkok – German International Cooperation Based in Bangkok. 1 Oct 2014. Retrieved 1 Jul 2020.
  6. Adnan, Hanim (21 Jan 2013). "In unprecedented move Asean iron and steel associations seek review of FTA with China". bilaterals.org. Malaysia: The Star. Retrieved 1 Jul 2020.
  7. Apistitniran, Lamonphet (8 Nov 2016). "Ministry to set up fund to help startups". Bangkok Post. Retrieved 19 Jun 2020.
  8. Fernquest, Jon (8 Nov 2016). "Venture capital fund for startups in key sectors". Bangkok Post. Retrieved 19 Jun 2020.
  9. Kovavisaruch, La-or; Laochan, Putchapun (16 Jun 2020). "The study of deploying RFID into the steel industry". PICMET '09 - 2009 Portland International Conference on Management of Engineering & Technology. pp. 3391–3397. doi:10.1109/PICMET.2009.5262266. S2CID 3096742.
  10. "Thailand steel sector under pressure as economy slows". S&P Global Platts. 29 Nov 2019. Retrieved 30 Jun 2020.
  11. "2020-2022 Thailand Industry Outlook" (PDF). krungsrisecurities.com. Krungsri Research. Jan 2020. Retrieved 30 Jun 2020.
  12. "Thailand Steel Industry 2017 and Outlook 2018" (PDF). Iron and Steel Institute of Thailand. Jun 2018. Retrieved 30 Jun 2020.
  13. "Bid for tariff exclusion". nationthailand.com. 22 Mar 2018. Retrieved 1 Jul 2020.
  14. Post Reporters. "Steel makers demand dumping measures". bangkokpost.com. Bangkok Postdate=9 Oct 2018. Retrieved 1 Jul 2020.
  15. "MASCI Climate Change Services Organizational Structure" (jpg). masci.or.th. MASCI. Retrieved 20 Jul 2020.
  16. อุตสาหกรรมพัฒนามูลนิธิ. "สถาบันเครือข่าย - Foundation for Industrial Development". อุตสาหกรรมพัฒนามูลนิธิ (in Thai). Retrieved 20 Jul 2020.
  17. "INDUSTRY NETWORK รวมพลังเครือข่ายกระทรวงอุตสาหกรรม". Thailand Automotive Institute. Retrieved 8 Jun 2020.
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