Flats: Vietnam's import market for commercial-grade hot-rolled coil has seen busy transactions over the past month, with buyers keen to book cargoes for August/September shipments. This has also driven up prices.

Longs: The Southeast Asian rebar import market saw slight changes in July, as weak market demand led to a trough in buying sentiment.

Semis: The Philippine billet import market slipped slightly throughout July. The market was quiet as buyers were cautious and stayed on the sidelines.

Raw Materials: In the latest Kanto Tetsugen tender, which opened on 11 July, Houei Trading was awarded 5,500t of Japanese H2 grade scrap at JPY 49,740/t ($353/t) fas. This is JPY 1,573/t higher than the association’s last tender on 9 June. A total of 15 companies participated in the latest tender and bid for a total of 104,700t. Meanwhile, leading electric arc furnace operator Tokyo Steel raised purchase prices by JPY 1,500/t at its Utsunomiya steelworks. Its H2 buying price is now at JPY 50,000/t effective 12 July. It was previously paying JPY 48,500/t since 10 June.

Country Trade Data:

• Singapore
• Thailand
• Philippines
• Malaysia
• Indonesia

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