Posted on 30 May 2025
A leading Indonesian mill has announced a dip in its export prices for billet and slab, Kallanish notes.
Dexin’s export prices for 3sp 150mm square billet were lowered by a further $2/tonne to $428/t fob on 29 May. On 26 May, it opened its export books for September shipments of billet at $435/t fob. However, the mill has been lowering billet export prices by $2-3/t daily since then.
Many industry sources see the mill’s price decline as following the downtrend in the Chinese steel futures. Dexin also lowered the price of its slab exports for August shipment to $437/t fob, down $3/t effective 28 May.
Meanwhile, a rumour that a technical issue with one of the Sulawesi-based mill’s three blast furnaces has resulted in a closure a week ago has been refuted by mill sources as being false. All the blast furnaces are operating normally, they tell Kallanish. Indonesia was on public holiday yesterday on 29 May.
A Chinese trader hears that the output of one of the blast furnaces may have dropped slightly for several days but this did not impact the overall supply situation.
The three blast furnaces are capable of producing 20,000t of molten iron daily, Jakarta-based industry sources say. This is equivalent to around 7m t/y of semis. They estimate that the mill is producing 2-2.5m t/y of slab, and the rest is billet.
Source:Kallanish
