Price levels in Vietnamese flat steel market

Monday, 07 April 2014 13:57:53 (GMT+3)   |   Istanbul
       

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

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