Read the Kallanish South East Asia Report - Week 44, published 8th November 2021. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

Flats: The past week marked the return of Chinese hot rolled coil price competitiveness in Vietnam. Market sentiment dived after traders started offering cargoes for forward delivery at low prices.

Longs: The rebar import markets in Singapore and Hong Kong softened last week. The downtrend is attributed to the plunge in the Chinese domestic market, as well as the softening in steelmaking raw materials.

Semis: Billet import prices have continued to firm in Southeast Asia on strong gains in international scrap. Offers are diverging as certain suppliers are trying to take advantage of firmer global market sentiment for longs.

Raw Materials: Taiwan's scrap market has fallen further. Higher-than- expected prices and slow sales of rebar have led to a decline in purchasing. Kallanish assessed HMS 1&2 80:20 container scrap at $480/t cfr Taiwan, down by $5/t week-on-week.

To read the full report, please download.