Read the Kallanish South East Asia Report - Week 48, published 29th November 2021. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

Flats: The Vietnamese hot rolled coil market mirrored the Chinese futures market last week with spot prices peaking on Thursday and then falling on Friday.

Longs: ASEAN import markets for construction long products  were flat during the last week. Suppliers are aiming for price hikes amid the recent price rebound in China.

Semis: The billet import market has weakened during the past week in Southeast Asia. Deals are sparse as regional buyers are aiming to pay at below most offers. The market is being affected by uncertainty and price instability in China.

Raw Materials: The Taiwanese scrap market has almost stabilised, following the decline of the wider Asian scrap market. Kallanish assessed HMS 1&2 80:20 container scrap at $452/t cfr Taiwan, down by just $3/t week-on-week. HMS 1&2 80:20 container scrap from the US West Coast was offered at $455-460/t cfr Taiwan, but deal prices stretched lower to $452/t cfr.