2026.6.3 SE Asia Steel Weekly Report

For steel buyers & sellers: Navigate Iran ban extension, Indian HRC recovery, and currency stabilization with week-on-week data. Download Report.

This weekly intelligence briefing compares the latest seven-day trading window against the prior week, giving you more than a snapshot—it shows you the direction and speed of market change. If you source or sell HRC, billet, slab, or stainless steel into Vietnam, the Philippines, Thailand, Indonesia or Malaysia, this report isolates the decisions that will either protect your margin this quarter or erode it.

For Procurement Managers, This Report Helps You Solve:

  • Whether the Indian HRC recovery from its late‑May trough is a genuine cyclical rebound supported by scrap costs and trade diversion, or a temporary bounce that will fade after the Dragon Boat Festival—and whether you should secure July shipments now before the India‑Oman Free Trade Agreement further tightens ASEAN supply.
  • How long the Philippine billet deadlock can persist when Chinese billet FOB costs are softening, freight rates are stable, and the rainy season is strengthening buyer negotiating leverage—and at what point the CISA proposal to restrict billet exports could abruptly reverse the power balance in sellers’ favour.
  • Whether Iran’s extension of the steel export ban to June 30 removes enough supply uncertainty to justify locking in slab allocations for the full summer period, or whether the risk of a non‑extension in July still warrants a hand‑to‑mouth approach.

For Sales Managers, This Report Helps You Solve:

  • How to price Indian HRC into Vietnam now that the post‑holiday rebound has been validated and the India‑Oman FTA is redirecting some tonnage to the Middle East—and how to use the supply‑tightening narrative to support offers without overreaching.
  • Whether the Indonesian rupiah’s strongest weekly recovery in over a month is durable enough to re‑open the billet import market, or whether the structural dollar strength behind the recent currency crisis means this is a temporary window rather than a genuine turning point.
  • How Malaysia’s CRC sunset review entering the stakeholder consultation phase changes the risk profile for cold‑rolled steel exports into one of ASEAN’s most heavily protected markets—and where to redirect tonnage if the review maintains or increases existing duties.

The Core Value Proposition of This Report:
Iran’s ban extension has locked in the slab supply deficit, India’s HRC has rebounded sharply from an oversold trough just as the India‑Oman FTA begins diverting tonnage to the Middle East—this report’s week‑on‑week analysis shows exactly which markets are stabilizing, which remain frozen, and what you must do before the next supply or currency shock lands.

This report includes full week‑on‑week data comparison tables and a dedicated deep‑dive section analysing price, policy, currency, logistics, and sentiment shifts between Week 21 and Week 22.

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📧 Questions? Custom reports? Contact amy@amyinsights.com

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