SteelOrbis has learned that in the Vietnamese domestic market hot rolled coil (HRC) prices have decreased by $20/mt from last week's levels to VND 15.8-15.9 million/mt ($754-759/mt), while cold rolled coil (CRC) prices have decreased by $20-25/mt to VND 19.1-19.3 million/mt ($938-943/mt). Downward trend seen in Chinese flat steel offers to Vietnam also results in reduced domestic prices.
In the meantime, rerolling quality HRC prices in Vietnam have decreased to VND 16-16.1 million/mt ($764-768/mt) for deliveries to customer, down $25-30/mt as compared to last week.
All prices include VAT.
$1 = VND 20,955