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Kallanish South East Asia Steel Markets Report - Week 7 (Feb. 14, 2022)

Read the Kallanish South East Asia Report - Week 7, published 14th February 2022. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

Flats: Vietnamese hot rolled coil importers were not receptive to sharply hiked offers from overseas suppliers last week. Suppliers raised HRC offer prices by large margins in tandem with firming global markets...

Longs: The East Asian rebar import market sprang back into life last week. A bulk end-March/early-April shipment cargo of theoretical-weight rebar from Qatar Steel was heard booked for Singapore on Wednesday at $726/t fob Qatar...

Semis: Importers of billet are slow to accept the price hikes sought by suppliers in East Asia...

Raw Materials: Regional bulk scrap markets are rising. A 25,000t March-shipment cargo of Australian HMS 1/2 80:20 scrap contracted at $550/t cfr Vietnam on 12 February...