SteelOrbis has been informed that in the current week market players have started to return to the Vietnamese flat steel market, though demand has remained weak.
Hot rolled coil (
HRC) prices in the Vietnamese domestic market are at VND 12,200-12,250/kg ($576-579/mt) ex-warehouse, while cold rolled coil (
CRC) prices are at VND 15,200-15,300/kg ($718-723/mt) ex-works, both indicating no change over the past week. Meanwhile, prices of rerolling quality
HRC of 2 mm thickness have decreased by VND 150/kg ($7/mt) over the same period and are now in the range of VND 12,600-12,800/kg ($595-605/mt) ex-warehouse.
On the other hand, Chinese offers to
Vietnam have increased by $10/mt over the past week and are at $530/mt CFR for
HRC, while Chinese offers for rerolling quality
HRC of 2 mm thickness still stand at $545/mt CFR.
$1 = VND 21.17