SE Asia: Billet import offers witness marginal rise

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.