Billet prices in Southeast Asia are generally stable. While prices are stable in many countries in the region, there is a decrease in prices in Vietnam due to lack of demand.
Despite the overall stability in the region, lack of demand in the Vietnamese market has caused billet prices to decline. The 3sp standard billet price decreased by 5 USD compared to the previous week, reaching 500 USD/ton (FOB).
Low demand in the local market in Vietnam has led some billet companies to liquidate their stocks through exports. This has led to weakening billet prices in Vietnam. During the same period, regional differences were observed in the global billet market, and weak demand, especially in Vietnam and Egypt, affected billet prices.
Rebar and steel companies need to closely monitor these fluctuations in the global billet market and develop appropriate response strategies. The lack of demand and the downward trend in prices in Vietnam indicate that companies need to reconsider their export strategies and adapt them according to regional market dynamics.
As a result, while the overall billet market in Southeast Asia remained stable, prices in Vietnam weakened due to lack of demand. These developments stand out as an important trend that should be followed carefully in the global steel and billet market.
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