Actionable insights for steel procurement managers and export sales teams covering 5 Southeast Asia markets. Download Report to stay ahead of shifting tariffs and supply chains.
Steel markets in Southeast Asia are experiencing significant structural shifts this week. Trade remedies in Vietnam and Indonesia are restructuring flat-rolled supply chains, while Iran‘s semi‑finished export gap continues tightening billet availability across the region. Meanwhile, port congestion at major hubs such as Jakarta, Singapore and Port Klang is adding uncertainty to delivery timelines.
What you will find inside this weekly report:
- Complete price tables for billet, rebar, HRC, CRC, HDG, carbon steel pipe, stainless steel and CRGO across Vietnam, the Philippines, Thailand, Indonesia and Malaysia.
- Week‑on‑week and month‑on‑month price comparisons, clearly showing directional trends.
- Trade remedy monitoring: anti‑circumvention duties, anti‑dumping investigations and tariff changes affecting import viability.
- Port congestion dashboard with waiting times at Shanghai, Jakarta (3,100 containers backlogged), Singapore and Port Klang (3‑6 day delays).
- Currency and freight risk analysis with landed cost impact estimates.
- Actionable “Buy / Wait / Monitor” and “Quote / Pause / Monitor” advice for procurement and sales teams.
This week’s key developments tracked in the report:
China’s HRC export prices remain rangebound at $496–504/t FOB, while billet export prices are stable at $473–475/t FOB. However, Vietnam’s anti‑circumvention duty (27.83% on Chinese wide‑width HRC) has eliminated China’s price advantage for standard‑grade HRC in the Vietnamese market. Combined with existing anti‑dumping duties, total duty exposure for Chinese wide‑width HRC reaches approximately 50–55%. Domestic Vietnamese producers Hoa Phat and Formosa Ha Tinh have lowered July‑August offers to $579–589/t CFR, undercutting Chinese imports.
In Indonesia, the imposition of a provisional anti‑dumping duty on Wugang HRC on June 5 further restricts Chinese flat steel market access. The country’s January‑April HRC imports fell 30% year‑on‑year, with Japan now the largest source country. A 12‑month sunset review on hot‑rolled alloy steel from China (HS code ex 7225.30.90) is also in progress, with existing anti‑dumping duties ranging from 4.2% to 50.2% remaining in force during the investigation.
Malaysia continues active anti‑dumping investigations: provisional duties on CRC imports range from 3.86% to 57.9%, with Korean and Vietnamese exporters excluded from duties after termination. A new CRSS anti‑dumping investigation was initiated on April 14, 2026. Thailand has eliminated its tax‑free import threshold, meaning a minimum combined tariff/VAT of 17% now applies to all imports. TISI certification remains mandatory for construction steel, taking 3–6 months to complete.
On the global front, Iran‘s steel capacity loss (estimated 13–15 million tonnes) continues to tighten semi‑finished supply. Global steel export reduction is estimated at 5–5.5 million tonnes/year, with billet and slab most affected. Southeast Asia faces an estimated 2.3 million tonne billet supply vacuum. China’s billet exports surged 28.99% year‑on‑year in Q1 2026, with April semi‑finished exports at near‑record levels of 1.64 million tonnes.
Port congestion across Asia is severe: Shanghai waits of up to five days, Jakarta’s Tanjung Priok has 3,100 containers backlogged, and Singapore and Port Klang are experiencing 3–6 day delays, driven by vessel diversions from the Middle East. The Baltic Dry Index fell to 2,818 points, down 7.5% week‑on‑week, offering some freight cost relief, though delivery reliability remains poor.
This report includes week‑on‑week and month‑on‑month data comparisons across all key indicators, clearly showing which prices are rising, falling or holding steady.
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