After booking a sizeable cargo during last week, SE Asian billet import market remained less active, on a marginal increase in prices. The offers from Russia to Thailand have crossed the USD 380/MT, CFR mark. This has put the buyers on wait and watch mode. With last week’s booking, it was expected that imports in the region could start coming to routine. However, rising global billet prices amid active bookings from China, supported by COVID-19 impact, kept the region trade silent for this week.
SteelMint’s assessment for SE Asia billet import is assessed at USD 375-385/MT, up USD 5/MT against last week.
Vietnam- The billet export offers from the country were noted at USD 385/MT, FoB levels, identical as last week.
CIS billet export offers witness a reasonable rise- CIS billet export assessment was reported to witness a sharp rise and are at USD 355-360/MT, FoB Black Sea, up USD 10/MT against last week.
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