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Home Reports South East Asia Steel Markets

Kallanish South East Asia Steel Report - April 2023

Kallanish South East Asia Steel Report - April 2023 (April 14, 2023)

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Flats: Vietnam’s import market for commercial-grade hot-rolled coil rose in early March on the back of improving market sentiment in China. But in the second half of the month, financial market turmoil and weak demand caused prices to retreat.

Longs: The Southeast Asian rebar import market saw trading slow in March due to weak demand.

Semis: The Philippine billet import market was briefly active in early March before falling as buyers stayed away.
Raw Materials: The Vietnamese scrap import market saw greater liquidity early last month. However, import prices reversed into a decline as the global scrap market weakened and local steel demand remained subdued.

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HMS 1/2 Scrap / Taiwan CFR USD/t -1.0%
Rebar / China FOT Warehouse CNY/t 0.0%
HRC / China FOT Warehouse CNY/t 0.0%
HRC / China FOB USD/t 0.0%
SGX M58% Futures - two months forward 0.0%
SGX M58% Futures - one month forward 0.0%
SGX M58% Futures - current month 0.0%
SGX 65% Fe Futures - two months forward 0.0%
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SGX 65% Fe Futures - one month forward 0.0%
SGX 65% Fe Futures - current month 0.0%
SGX 62% Fe Futures - 2 month forward 0.0%
SGX 62% Fe Futures - 1 month forward 0.0%
SGX 62% Fe Futures - current month 0.0%
Billet / Tangshan Ex-Works CNY/t 0.0%
Rebar / Turkey FOB USD/t 0.0%
Shredded Scrap / Turkey / CFR USD/t 0.0%
HMS 1&2 80:20 / Turkey CFR USD/t 0.0%
KORE 58% Fe / Qingdao CFR USD/t -2.57%
KORE 65% Fe / Qingdao CFR USD/t -2.0%
KORE 62% Fe / Qingdao CFR USD/t -1.86%
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