Flats: Vietnam’s import market for commercial-grade hot-rolled coil has been in a trough for much of September amid firm offers and sluggish demand. The approach of the Chinese holidays allowed the market to resume buying at the end of September.

Longs: The Southeast Asian rebar import market performed weakly in September, with offers continuing to move within a narrow price range.

Semis: The ASEAN billet import market saw continued trading activity in September, but prices stabilised. Chinese sellers are once again returning to trade in regional markets due to attractive short sale prices.

Raw Materials: In the latest Kanto tender, which opened on 12 September, Toyota Tsusho Material was awarded 15,000t of Japanese H2 grade scrap at JPY 51,316/t ($350/t) fas. This is JPY 1,517/t higher than the association’s last tender on 9 August. The cargo is destined for Bangladesh, market sources say. Meanwhile, leading electric arc furnace operator Tokyo Steel has raised its H2 buying price by JPY 1,000/t to JPY 51,000/t at its Utsunomiya steelworks, effective 13 September. Its H2 price was at JPY 50,000/t during 2-11 September.

Country Report: Indonesia

Country Trade Data:

• Singapore
• Thailand
• Philippines
• Malaysia
• Indonesia

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