Concerns that stronger measures could eventually be enforced in Indonesia and Thailand, the main slab import markets in Southeast Asia, weighed on market sentiment
due to its potential impact on business operations, sources told Fastmarkets.
Fastmarkets’ assessment of steel slab imports, cfr Southeast Asia and East Asia
was $390-400 per tonne on Monday March 23, down $15 per tonne from $405-415 per tonne a week ago.
Russian slab has been sold at $410-415 per tonne cfr China over the past week. Market participants said that China was the main buyer of semi-finished steel in Asia at present due to expectations of a rebound in domestic steel demand.
China also booked multiple steel billet cargoes
in the past several weeks.
The focus of Indonesians is now on their personal...