Most local end-users have started maintenance works before the holiday in the Vietnamese flat steel market, where demand is on the low side.
Hot rolled coil (HRC) prices in the Vietnamese domestic market, meanwhile, stand at $525-535/mt ex-warehouse, while cold rolled coil (CRC) prices are at $640-645/mt ex-works. Meanwhile, rerolling quality HRC of 2 mm thickness is being quoted at $550-555/mt ex-warehouse.
On the other hand, Chinese HRC offers to Vietnam are at $535-540/mt CFR, while offers for rerolling quality HRC of 2 mm thickness from China can be found in the range of $550-555/mt CFR.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.