Flats: Vietnam's import market for commercial-grade hot-rolled coil dragged on with very thin trading activity in June. The lack of demand in Vietnam and steel price instability in China are the main factors behind market sluggishness. 

Longs: The Southeast Asian rebar import market slipped in June in tandem with a softening in China’s futures and physical markets. Market sentiment for rebar is bearish in Singapore and Hong Kong with thin buying interest and trades are lacking due to weak demand.

Semis: The ASEAN billet market was still dominated by Chinese suppliers in June, although exporters from Russia, Japan and South Korea also provided offers to the Southeast Asian market. Chinese products led the deals due to their competitive prices.

BF Raw Materials: The fluctuation of seaborne iron ore prices narrowed further in June, and iron ore prices gradually declined lower from the beginning of June.

EAF Raw Materials: Vietnam’s import market for scrap was steady in June. Offers for Japanese H2 scrap were prevailing at $368/t cfr southern Vietnam and for Hong Kong HMS 1&2 50:50 scrap at $365/t cfr. The onset of the rainy season and a frozen real estate market have kept buying demand low.

Country Trade Data:

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

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