Read the Kallanish South East Asia Report - Week 24, published 10th June 2021.  This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region.  Additionally, the production section includes brand new data series monitoring hot metal production activity in the region at the blast furnace level.

• Production: Blast furnace activity in Vietnam saw a decline last week, led again by Hoa Phat’s Dung Quat plant, while Indonesian and Malaysia activity remain firm. Dung Quat saw a sharp decline in heat readings at BF No. 2, which had seen readings increase the previous week.
• Flats: The Vietnamese import market for hot rolled coil has rebounded in tandem with the recovering Chinese steel market. Vietnamese buyers were slow to accept high prices at the start of last week but seemed resigned to paying more once supply of low-priced material dried up.
• Longs:  Surging Covid-19 infections have struck domestic rebar markets in ASEAN, and led to a near-total two-week lockdown in Malaysia starting 1 June. 
• Semis: Billet import offers are limited in Southeast Asia amid a firming Chinese steel market. Suppliers are raising offer prices despite the lack of buying interest from regional buyers. 
• Raw Materials:  The Japanese scrap market was quiet last week, as Japanese supply was replaced with other origins. Hong Kong-origin HMS 1&2 50:50 scrap was booked at $470/t cfr and $473/t cfr Phu My on 3 June.