As per recent data released by Thailand customs it is observed that the nation has imported about 70,000 MT Billet in July 2017.
The imports have registered a downfall of 12.50% M-o-M in Jul’17 against 80,000 MT in Jun’17. During Jul‘17, Iran has exported approximately more than 50% (40,000 MT) of Billet to Thailand.
While, on Y—o-Y in July 2017 imports registered a fall of 78% against 320,000 MT in July 2016. Coming to total imports in Jan—Jul’17, the nation has imported about 1.15 MnT Billet; down by 61% as compared to 2.95 MnT in the same preceding last year.
In the duration of Jan-Jul’17 – Iran, Japan & Indonesia was the major Billet exporter to Thailand which exported about 0.42 MnT (36.37%), 0.18 MnT (15.55%) & 0.11 MnT (9.43%), respectively.
Fresh billet exports offers are evaluated – USD 500/MT FoB India & from Iran is around USD 495-500/MT, FoB Iran.
In the month of July 2017, the crude steel production ofthe Thailand was around 0.30 MnT against 0.29 MnT in Jul’16. Further in CY17 (Jan—Jul) it was approximately 2.38 MnT, as per the SteelMint assessment.
Source Steel Mint powered by Keyvan Jafari Tehrani
