Flats: Vietnam's import market for commercial-grade hot-rolled coil was boosted in February. China's return from the holiday brought price increases, while firmer downstream industries supported HRC demand in Vietnam.

Longs: The Southeast Asian rebar import market weakened in February until a rebound in the Chinese market at the end of February led to a recovery in prices. While the regional markets are still sluggish, the price uptick for imported long steel products is expected to last in tandem with the buoyant Chinese domestic steel market.

Semis: The Philippine billet import market in February saw fluctuations, and the import of Russian resources to the Philippines disrupted the market with lower prices.

Raw Materials: Scrap import prices have fallen in Vietnam in February. The containerized HMS 1/2 80:20 import deals were concluded in mid-February at $413/t cfr Vietnam, down from $420/t cfr the previous week. Offers for Japanese H2 grade scrap were down by $10/t on-week to $435/t cfr Vietnam in the same period. Bulk Hong Kong HMS 1&2 50:50 scrap offers were prevailing at $430/t cfr.

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