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Kallanish South East Asia Steel Markets Report - Week 2

Kallanish South East Asia Steel Markets Report - Week 2 (Jan. 10, 2022)

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Read the Kallanish South East Asia Report - Week 2, published 10th January 2022. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

Flats: The Vietnamese hot rolled coil import market remains weak on bearish sentiment...

Longs: The Singapore rebar import market saw renewed buying interest last week when a Middle Eastern supplier offered a large quantity of material...

Semis: The billet import market in Southeast Asia was quiet during the first week of the new year. Regional buyers are passive due to the uncertainties caused by the new wave of Covid-19 infections spreading in the region.

Raw Materials: Taiwanese scrap prices fell before the New Year holiday before rebounding last week...

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CRC / N America Ex-Works USD/s.ton -4.0%
HRC / N America Ex-Works USD/s.ton -1.0%
Plate / N America Ex-Works USD/s.ton 0.0%
HRC / Italy Ex-Works EUR/t 0.0%
Rebar / Turkey FOB USD/t -0.0%
Billet / Tangshan Ex-Works CNY/t 0.0%
HRC / S Europe CIF EUR/t 0.0%
HDG / Italy Ex-Works EUR/t 1.0%
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E3 Demolition Scrap / Italy Delivered Basis EUR/t 0.0%
Heavy Scrap / China / CNY/t 0.0%
KORE 65% Fe / Qingdao CFR USD/t -0.26%
E2 & E3 Shipbreaking scrap /Turkey / Delivered basis / USD/t -2.0%
KORE 62% Fe / Qingdao CFR USD/t -0.21%
E6 New cutting scrap (DKP) / Turkey / delivered basis, TRY/t -0.6%
Shredded Scrap / Turkey / CFR USD/t -2.0%
CRC / Italy Ex-Works EUR/t -1.0%
HMS 1&2 80:20 / Turkey CFR USD/t -2.0%
KORE 58% Fe / Qingdao CFR USD/t -0.21%
HMS 1&2 80:20 / UAE, delivered basis AED/t -3.0%
HMS 1/2 80:20 / Bangladesh / CFR USD/t -2.0%
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