Flats: Vietnam's import market for commercial-grade hot-rolled coil fell rapidly in March, as traders shorting the market disrupted trading sentiment.

Longs: The Southeast Asian rebar import market fell sharply in March. Weak demand and fierce export competition have weakened rebar transactions in the ASEAN market.

Semis: The ASEAN billet market fell rapidly in March due to low-priced imports from China. However, there are rumours that China will restrict the export of semi-finished products.

BF Raw Materials: Seaborne iron ore prices fell sharply in March as steel mills cut production. Continuing the weakness in February, iron ore prices saw declines of more than 10% throughout March.

EAF Raw Materials: In the Kanto Tetsugen tender on 12 March, 5,000t of Japanese H2 grade scrap for shipment by 30 April was awarded at JPY 50,100/t ($340/t) fas. This is JPY 2,987/t lower than last month’s award price of JPY 53,087/t, on 9 February.

Country Trade Data:

• Singapore
• Thailand
• Philippines
• Malaysia
• Indonesia
• Vietnam

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