Flat steel prices in
Vietnam have remained stable since last week, while demand is still slack. Some bookings have been reported despite low demand, particularly for hot rolled coils (
HRC) and cold rolled full hard coils.
HRC domestic prices in
Vietnam have remained unchanged as compared to the previous week at VND 14.5-14.7 million/mt (about $635-640/mt + VAT), while cold rolled coil (
CRC) prices in the local Vietnamese market are still at VND 18.6-18.7 million/mt (about $800-805/mt + VAT), both including VAT.
On the import side, Chinese
HRC offers to
Vietnam are still at $625-630/mt CFR, while Russian steelmaker MMK production 2 mm re-rolling
HRC offers have declined by about $5-10/mt as compared to last week to $615-620/mt CFR. In the meantime, ex-Europe 1.8 mm
HRC offers to
Vietnam are at $610/mt CFR, while Japanese offers for cold rolled full hard coils of 0.13 mm and below thickness are standing at $835/mt CFR.