Industry News

1、 Price and cost dynamics
Basic quotation range
The market price of ordinary galvanized light steel keel is about 12-22 US dollars per square meter (equivalent to 16-30 Brunei dollars), while high-end thickened models or customized specifications can reach more than 25 US dollars per square meter (>34 Brunei dollars). Depending on the brand, coating standards, and procurement scale, bulk purchases of engineering projects usually receive a 5% -10% discount.
Referring to the cost of raw materials exported from China: The fluctuation of hot-rolled coil prices directly affects the pricing of light steel keel. Currently, the export price (FOB) of hot-rolled coil in China is about 462 US dollars per ton.
Composition of Import Costs
Brunei has no large-scale chemical plant production capacity and mainly relies on imports from China and Malaysia;
After the transportation premium is combined with tariffs, the terminal price increases by 15% -30% compared to the factory price at the place of origin;
The recycling price of scrap steel is about 2510 yuan/ton, and low-end projects may adopt alternative solutions to reduce costs.

2、 Supply and demand and market structure
Limited demand driven
Brunei's infrastructure scale is relatively small, mainly focused on the renovation of government public buildings (schools, hospitals) and religious sites, with a scarcity of large-scale projects;
The penetration rate of prefabricated buildings is lower than that of neighboring Southeast Asian countries, and the demand for light steel keel is growing steadily.
Highly dependent on imports
The local supply chain is weak, and international brands enter the market through Malaysia and Singapore as intermediaries;
Chinese products occupy the mid to low end market with their price advantage, and high-end projects often purchase Japanese, Korean, or European brands.

3、 Procurement risks and recommendations
Certification barriers: Compliance with Brunei building standards (such as CPSD certification) is required, and the import customs clearance process is complex and time-consuming;
Impact of religious festivals: During traditional festivals such as Eid al Fitr, logistics may experience delays, requiring a 2-3 week buffer period to be reserved;
Bargaining strategy: For small and medium-sized orders, it is recommended to collaborate with neighboring countries to reduce unit logistics costs, and strive for tiered discounts for bulk purchases