Asian rebar and billet prices remained stable Oct. 3 as China stayed quiet during national day holiday, while Southeast Asian buyers stayed on sidelines for China’s return.

Vietnam billet prices were heard offered firm at $500/ mt FOB. Even after China raised offers to $485-$490/mt FOB before the holiday, buyers in Southeast Asia still believe

Vietnamese offers are too high and was waiting until China to return after holiday.

Platts assessed 5SP 130 mm billet at $498/mt CFR Southeast Asia and Chinese import 3SP 150 mm spot billet at $420/mt CFR China, both stable on the day.

In Tangshan, mills were quiet after raising prices twice on an ex-work basis during holiday.

Platts assessed the Chinese domestic Q235 billet stable on the day at Yuan 3,380/mt on a Tangshan ex-stock basis.

Beijing Rebar market was also closed on the day. Platts assessed the domestic Beijing HRB400 18-25 mm rebar spot price stable day on day at Yuan 3,800/mt ex-stock in theoretical weight.

Indicative offers were heard at around $540-$550/mt DAP Singapore this week.

Platts assessed the 16-32 mm BS4449-grade 500 rebar at $522/mt CFR Southeast Asia and the Chinese export 16-40 mm diameter BS500B-grade rebar at $512/mt FOB, both stable day on day.