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Kallanish South East Asia Steel Markets Report - Week 8 (Feb. 21, 2022)

Read the Kallanish South East Asia Report - Week 8, published 21st February 2022. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

Flats: Vietnam's hot rolled coil import market has softened slightly. Last week, the market saw low-priced import offers amid traders’ position-taking and the mid-week correction in the Chinese steel market...

Longs: The East Asian import market for long products stopped rising last week, cooled by the downward price correction in iron ore...

Semis: Suppliers continue to press for higher prices for exports in Southeast Asia. Offers to the region are around $20/t higher week-on-week. However, the import market in China has quietened down...

Raw Materials: The strong uptick in Japanese scrap continues in South Korea and in the region. Leading South Korean electric arc furnace steelmaker Hyundai Steel raised its bids for Japanese scrap last Thursday by JPY 3,000-4,500/t in its weekly purchase auction. H2 was bid at JPY 58,500/t ($507/t) fob, up JPY 3,500/t from 10 February...