Market sources report that stock levels in the Vietnamese flat steel market are low and demand has also remained weak.
Hot rolled coil (
HRC) prices in the Vietnamese domestic market, meanwhile, stand at VND 12,600-12,700/kg ($598-602/mt) ex-warehouse, while cold rolled coil (
CRC) prices are at VND 15,300-15,400/kg ($726-731/mt) ex-works. Meanwhile, prices of rerolling quality
HRC of 2 mm thickness are being quoted at VND 13,000-13,150/kg ($617-624/mt) ex-warehouse. Prices have remained unchanged since last week.
On the other hand, Chinese offers to
Vietnam are at $520/mt CFR for
HRC, indicating a decline of $10/mt over the same period, while Chinese offers for rerolling quality
HRC of 2 mm thickness stand at $528-530/mt CFR for, decreasing by $15/mt.
$1 = VND 21.079