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Kallanish South East Asia Steel Report - September 2023 (Sept. 13, 2023)

Flats: Vietnam's import market for commercial-grade hot-rolled coil saw prices soften for most of August until sentiment picked up again at the end of August once China ramped up stimulus policies for the property market.

Longs: The Southeast Asian rebar import market traded in a trough throughout August. The market was calm and liquidity was significantly reduced.

Semis: The ASEAN billet import market saw prices almost flat in August, with buying demand weakening after briefly holding steady in early August. Earlier expectations that a stronger Chinese domestic market would drive regional steel prices higher have been dashed by the reversal in the Chinese futures market.

Raw Materials: The continued price gap between sellers and buyers for imported scrap continues to hinder deals in Vietnam.

Country Trade Data:

  • Singapore
  • Thailand
  • Philippines
  • Malaysia
  • Indonesia

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