Read the Kallanish South East Asia Report - Week 18, published 3rd May 2022. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

• Flats: The Vietnamese hot rolled coil import market has seen China-origin offers fall further, to a level sufficient to entice buyers of commercial grade HRC.
• Longs: The East Asian long product import markets continue to soften. Rebar import prices, which had been holding since mid-March, have now started to fall.
• Semis: Bearishness continues in the Southeast Asian billet import market. Suppliers are continuously cutting billet offer prices to entice buying, but buyers remain waiting on the sidelines.
• Raw Materials: The Southeast Asian scrap import market is weakening. Buying interest is thin amid the falling market. Offers for Japanese H2 grade scrap and Hong Kong HMS 1&2 50:50 are prevailing at $585/t and $560/t respectively cfr southern Vietnam. “They are still too high,” an importer says. “All prices are negotiable, but nobody is buying,” he adds. Offers for Japanese H2 scrap had been at $590/t cfr and Hong Kong scrap at $580/t cfr a week earlier.

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