Market sources report that demand in the Vietnamese flat steel market has remained quite weak.
Hot rolled coil (
HRC) prices in the Vietnamese domestic market stand at VND 12,600-12,700/kg ($417-420/mt) ex-warehouse, while cold rolled coil (
CRC) prices are at VND 15,300-15,400/kg ($506-510/mt) ex-works, unchanged week on week on local currency basis. Meanwhile, prices of rerolling quality
HRC of 2 mm thickness are being quoted at VND 13,000-13,150/kg ($430-435/mt) ex-warehouse, stable in VDN terms.
On the other hand, Chinese offers to
Vietnam are at $525/mt CFR for
HRC, indicating an increase of $5/mt over the past week, while Chinese offers for rerolling quality
HRC of 2 mm thickness stand at $535-540/mt CFR for, increasing by $10/mt over the same period .
$1 = VND 30.25