SteelOrbis has been informed that demand has been quiet in the Vietnamese flat steel market while transaction activity has slowed down due to rainy weather.
Hot rolled coil (
HRC) prices in the Vietnamese domestic market have decreased by VND 200/kg ($9/mtg) over the past month, to VND 12,200-12,250/kg ($576-579/mt) ex-warehouse, while cold rolled coil (
CRC) prices have decreased by VND 100/kg ($5/mt) over the same period, to VND 15,200-15,300/kg ($718-723/mt) ex-works. Meanwhile, prices of rerolling quality
HRC of 2 mm thickness have also decreased by VND 200/kg ($9/mt) and are now in the range of VND 12,800-12,900/kg ($605-609/mt) ex-warehouse.
On the other hand, Chinese offers to
Vietnam have increased by $4/mt over the same period and are at $518-520/mt CFR for
HRC, while Chinese offers for rerolling quality
HRC of 2 mm thickness still stand at $535-537/mt CFR.
$1 = VND 21.17