The import markets for rebar and wire rod in ASEAN continue to show little activity as buyers stay cautious amid ongoing market uncertainty. Offers for Chinese 6.5mm Q195 wire rod for July shipment remain steady at $465-470/tonne CFR Manila, but trading is sparse, partly due to public holidays affecting demand. Vietnamese bids for similar wire rod stand slightly lower at around $455-456/tonne CFR, with some lower-priced Chinese exports believed to be avoiding full VAT payments.
In Thailand, bids for Chinese boron-added Q195 wire rod hover at $470/tonne CFR for August shipment, while Indonesia’s Dexin Steel has reduced export prices for September delivery by $10/tonne to $505/tonne FOB. Singapore’s rebar market is soft, with offers dipping slightly to $460-465/tonne DAP for Malaysian mill products, while Chinese rebar offers remain at $470-475/tonne CFR but with buyers pushing for lower prices amid weak Chinese futures.
No deals have been reported in Hong Kong, where Chinese rebar offers hold steady at $460-465/tonne CFR. Overall, buyers are reluctant to commit amid weak demand and price uncertainty, reflecting broader challenges in the ASEAN steel import market.
