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
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