SE Asia Billet Import Prices Stable Amid Less Trades
This week, SE Asia’s billet import market was reported trade silent for the consecutive week amid New Year Holidays with few major suppliers remaining out of market.
However, the event could not put any ramifications on the billet import offers in the region which were kept supported by Turkey’s imported scrap prices. The imported scrap offers to Turkey have inched up by USD 3-5/MT in Baltic deal reported. It is highly anticipated by the buyers & steel producers that prices may increase further in the coming days on tight supply of material.
SteelMint assessment for billet import offers in SE Asia is at USD 445-450/MT, CFR, identical as last week.
Billet export offers from CIS witnessed stable - This week, billet export offers from CIS nations, reported stable and are standing at USD 410/MT, FoB Black Sea, identical as last week.
Vietnam resumes export offering- This week, country has resumed billet export offerings amid dull domestic demand. Current export offers for 5 sp grade from the country are USD 425/MT, FoB.
SteelMint's assessment for US-origin HMS (80:20) scrap stands at around USD 305/MT, CFR Turkey, up by USD 3-4/MT W-o-W.
source: SteelMint
Top News
Glencore in talks to sell Philippine copper smelting unit
Rasul Khalife Soltani, Secretary of the Iranian Steel Producers Association on the sidelines of the 1403 Steel Symposium:
Mobarakeh steel is producing green steel through scrap recycling
Norilsk Nickel plans to sell all it produces in 2025
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
India’s record gold import said to be due to calculation error
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Norge Mining acquires Europe’s largest natural graphite producer
Mercuria partners with Zambia on metals trading venture
Aluminum price falls to one-month low in wider commodity slump
Lure of Anglo’s copper mines could test BHP’s spending resolve
Copper giant Peru foresees another production plateau in 2025
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Mercuria partners with Zambia on metals trading venture
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Lure of Anglo’s copper mines could test BHP’s spending resolve
Iron ore price weakens as Australia flags return to sub-$100 prices
Nickel price hits 4-year low as gloom offsets potential Indonesia cuts
Sibanye raises $500m via metals streaming deal with Franco-Nevada
Triple Flag to acquire royalty on Tres Quebradas lithium project
Volkswagen buys 9.9% of Patriot Battery Metals for $48 million
Aluminum price falls to one-month low in wider commodity slump
India’s record gold import said to be due to calculation error
Glencore in talks to sell Philippine copper smelting unit
