Southeast Asian billet demand is weak, transaction pause

Recently, Southeast Asian billet transactions have stagnated, and the main steel export countries such as Vietnam and Indonesia have not updated export quotes this week. Market participants said that the Vietnamese blank cubes were sold for $ 580/ton CFR last week, and the price has not been updated after the transaction.
The Thai billet import and export trade has also been suspended, and market participants said that they are currently in a “priceless market” state.
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Southeast Asian billets are currently in the government transition, related construction activities have failed to conduct as much as possible, market demand is poor, and procurement demand is low.
In addition, due to inflation and debt situation, the suspension of infrastructure projects in Southeast Asia, and the decline in automobile consumption caused a decline in steel consumption.
The World Iron and Steel Association is expected to have 76.1 million tons in 2022, an increase of 4.8%over 72.6 million tons in 2021, but it is still lower than the 80.3 million tons in 2019. It is expected that the demand for steel in Southeast Asia will resume to 2- 3 years.
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【International News】
1. Overseas steel companies need to wait and see that production is still available in the later stage of production.
Recently, due to weak global steel demand and higher production costs, multiple steel mills around the world have suspended production and production.
2. The Indian Iron and Steel Administration has lowered the price of the long material in July
The Indian Iron and Steel Administration SAIL recently announced that the price of threads and wires in July will be reduced.
(If you want to get the price of specific steel products, such as Iron Fence Post, you can contact us for quotation at any time)
3. Headian Steel Chenggang 丨 Customized fine -rolled steel steel is the first in China for the European market
Recently, the 750 -ton PSB500Z L -spin -rolled steel bars produced by Hexia Chenggian successfully went offline. A total of three specifications of 25mm, 32mm, and 40mm were produced. After inspection, the product performance and shape were all in line with the requirements.