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Kallanish South East Asia Steel Markets Report - Week 12 (March 21, 2022)

Read the Kallanish South East Asia Report - Week 12, published 21st March 2022. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

Flats: Vietnamese strip producers have sharply hiked prices for new hot rolled coil allocations. Formosa Ha Tinh (FHS) raised its hot rolled coil quote by $90/t, while Hoa Phat Dung Quat Steel announced a $85/t increase for its May/early-June shipments...

Longs: Rebar and wire rod import prices in East Asia have slipped from last week. The Covid-19 outbreaks in China and the plunge in crude oil prices may have played a part in the weakening of prices...

Semis: Bullish exporters continue to press for higher billet prices in Southeast Asia. However, they are being shunned by regional importers...

Raw Materials: Hyundai Steel has maintained its bid prices unchanged on-week for Japanese scrap in its weekly purchase auction on 17 March. H2 is at JPY 63,500/t ($535/t) fob and for H1/H2 at JPY 64,000/t...