This week, SE Asian billet import market was noted to witness limited trades, over marginal drop in the offers. During the week, Iran was noted to be the major supplier, in the region. The country was reported to book 30,000 t billets for Thailand. Amid ongoing dragon festival; 25-27 Jun’20, the billet demand from China is dull, this has accommodated Thailand enough space for negotiation.
However, SteelMint assessment for billet import offers in SE Asia has witnessed a marginal change only, and is at $ 405-410/t, CFR, down $5, against last week. The offers in the region are mentioned below-
|
Country |
Offers in $/t, CFR |
w-o-w change in $ |
| CIS, India & Others | 405-410 | -5 |
| Iran | 395-400 | = |
Vietnam – Meanwhile, following the global trend the billet export offers from Vietnam were reported with marginal drop and are at $405/t, FoB, down $2-5, against last week. While domestic billet offers in the country are at $403/t, CIF.
The deals noted by the SteelMint, during the week, in/from the SE Asian region are as below-
| Exporting country | Importing country | Quantity in t | Deal value |
| Iran | Thailand | 30,000 | $395-400/t, CFR Thailand |
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