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According to Mining News Pro -In the month of Aug’18, the nation has imported around 301,322 MT billet against 137,636 MT in Jul’18. Prior to this the highest volume was imported during Dec`16 at 440,625 MT.

Further, on Y-o-Y in Aug 2018 imports registered a rise of 76.47% against 173,692 MT in Aug 2017.

Iran was the major billet exporter to Thailand in Aug’18, whose billet exports to Thailand increased by 281% M-o-M & stood at around 195,524 MT (64.88%), followed by Japan & Ukraine whose exports stood at 24,455 MT & 19,951 MT , respectively.

While the nation has imported about 1,554,722 MT Billet in Jan-Aug’18 against 1,320,220 MT in Jan-Aug’17, incline by 17.77% on yearly premises.

During this period (Jan-Aug’18), Iran has exported approximately 55.01% billet (855,209 MT) to the nation, followed by Japan (366,589 MT) & India (83,021 MT). Prior to this in the same preceding last year, Iran’s billet export to the nation was around 505813 MT, surge almost 69% on yearly basis in CY18.

In the month of August 2018, the crude steel production of Thailand was around 395,000 MT and in CY18 (Jan-Aug) it was approximately 3,069,320 MT. Meanwhile, in CY17 the figure of crude steel production stood at 4,225,000 MT, & 3,879,246 MT in CY16.

Pig iron imports from Russia & India increased Sharply

Russia continues to remain the largest Pig iron supplier to Thailand. In Aug’18, Russian & Indian billet exports to Thailand recorded at 79,378 MT & 57,859 MT, whose exports registered the highest volume in CY 18 & all time high.

In CY18 (Jan-Aug) - Russia & India was the major pig iron exporter to Thailand & exported about 162,675 MT (57.55%) & 87,741 MnT (31.04%), respectively.

In context to export prices, global offers for steel grade pig Iron is assessed at USD 380-390/MT FoB India, USD 363-375/MT FOB Brazil & USD 365-370/MT FoB Black sea.