This week, the SE Asian billet import market reported having booked decent volumes. The bookings were predominantly from India for the Philippines and Indonesia. However, minor bid-offer disparity still exists in a few nations. For instance, the offers in the region reported at $445/t, CFR, while bids were at $ 440-442/t, CFR.
Deals & offers-
CIS- This week, billet export offers from the region have increased marginally and are at $405/t, FoB Black Sea, up by $3-5, against last week.
India- This week, the country booked around 40,000 t blooms/billets (30,000 t blooms and 10,000 t 5SP IF route billets) for the Philippines and Indonesia. According to SteelMint sources, blooms are booked for the Philippines at $418/t, FoB ($443/t, CFR), while billets booked for Indonesia at $446/t, CFR levels. SteelMint assessment for billet export offers from India is at $415-420/t, FoB, unchanged against last week.
Iran- This week, the offers from the country have seen stable at $410-415/t, FoB Iran.
Vietnam- The country booked around 20,000 t billets for China at $450/t, CFR. With the deal, the billet offers from Vietnam noted a marginal rise of $3/t and are at $448/t, FoB.
Thailand- Billet import offers in the country saw a marginal rise and were noted to be at $445/t, CFR, up by $5 against last week.
This week, SteelMint assessment for billet import offers in SE Asia is at $445/t, CFR, up by $5 against last week.
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