Read the Kallanish South East Asia Report - Week 30, published 25th July 2022. This is a weekly subscription report analysing production, flats, longs, semis, and raw materials for the region. 

• Flats: Vietnam’s hot-rolled coil import market continues to be frozen amid abysmally weak demand. There was hardly any trading activity last week apart from several small-tonnage deals for Chinese SS400 HRC.
• Longs: Import markets for rebar and wire rod in East Asia are quiet amid further price deterioration. The lack of any foreseeable price support, as well as persisting negativity continue to deter most buyers from returning to the market.
• Semis: The ASEAN billet import market continues to head south. Negative factors, including rising inflation and the prospect of an economic slowdown, coupled with short-selling by traders, continue to dent market sentiment.
• Raw Materials: Hyundai Steel’s latest bid price for scrap indicates its preference for higher-grade scrap. The South Korean mill’s bid for shredded scrap is more in line with current market levels. But Japanese scrap suppliers would deem the value too low for H2 grade scrap.

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