SE Asia: Billet import offers witness a marginal increase

SE Asian billet import market was noted to witness limited trades, as the export offers from the major billet exporting nations were reported a marginal increase during this week amid increased steel futures in China. SteelMint assessment for billet import in SE Asia has increased and is at $405-415/t, CFR levels, up $5 against last week. The offers in the region are mentioned as below-

Country Offers w-o-w change in $
CIS $405-410/t, CFR +5
India $410-415/t, CFR +3
Iran $395-400/t, CFR +3

Meanwhile, the billet export offers from Vietnam were reported stable and are at $408-410/t, FoB, identical as last week

The deals noted by the SteelMint, during the week, in/from the SE Asian region are as below-

Exporting country

Importing country

Deal value

Russia Philippines $405/t, CFR Manila
Vietnam China $408/t, CFR China

 


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