Become a customer

PRICING NOTICE: Proposed change to SE Asia import billet assessment

Steel First is proposing the inclusion of Chinese billet prices in its weekly Southeast Asia import billet assessment.

May 22, 2015
By Generic people page
Pricing notice

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

To date, Steel First has been assessing only non-Chinese material in the region due to Chinese mills typically declaring billets as “alloy square bars” to avoid paying a 25% export tax on semi-finished carbon steel and claim a 13% export tax rebate.

Despite this circumvention in China, these cargoes continue to be imported in most Southeast Asian countries, especially the Philippines and Indonesia.

Chinese billets have been dominating the import market in Southeast Asia, with deals for non-Chinese material occasionally heard only in Thailand.

Steel First plans to start considering Chinese billets in its assessment effective Monday July 6.

Please submit your comments on this proposed change to Weilyn Loo by Friday June 19.

What to read next
Correction to shredded auto scrap weekly composite
Fastmarkets has corrected its MB-STE-0523 Steel scrap shredded auto scrap, consumer buying price, delivered mill, $/gross ton, weekly composite, which was published incorrectly since June 14.
July 26, 2024
 · 
By Fastmarkets Staff
Correction to rationale of cobalt hydroxide 30% Co min, cif China
Fastmarkets has corrected the rationale for its MB-CO-0020 cobalt hydroxide 30% Co min, cif China, $/lb price, which was published incorrectly on Friday July 26.
July 26, 2024
 · 
By Sahil Shaw
Delayed publication of manganese ore seaborne prices
The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.
July 26, 2024
 · 
By Holly Chant
Proposal to amend frequency of China steel scrap import price indices
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
July 25, 2024
 · 
By Tianran Zhao
Decision to launch US black mass payable indicators, amendment to specifications
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
July 24, 2024
 · 
By Kirstyn Petras
Correction to rationale of cobalt hydroxide 30% Co min, cif China on Tuesday July 23
The opening line of the rationale incorrectly listed the price range as $6.60-6.80 per lb. This has been corrected to $6.40-6.60 per lb. The published price is unaffected by this change. This price is part of the Fastmarkets minor metals package. For more information or to provide feedback on this correction notice or if you […]
July 24, 2024
 · 
By Callum Perry