In the Vietnamese domestic market flat steel demand has continued to be weak. Importers are worried about the government's new loan currency policy because from May 2, the central bank will restrict lending in foreign currencies and so importers will have to obtain loans in Vietnamese currency at high interest to buy US dollars for letter of credit payments.
In the Vietnamese domestic market, on the other hand, cold rolled coil (CRC) quotations have remained unchanged as compared to the latest announced levels and are still at VND 19-19.1 million/mt ($910-915/mt) delivered to customer. In the meantime, last week hot rolled coil (HRC) prices in Vietnam were at VND 15.5-15.6 million/mt ($742-747/mt) delivered to customer, and after a slight softening the prices are now at the level of VND 15.2-15.4 million/mt ($728-738/mt) delivered to customer.
Meanwhile Chinese offers to the Vietnamese domestic market are standing at $640-645/mt CFR, indicating no change as compared to last week.
$1 = VND 20.880
Flat steel demand remains weak in Vietnam
Marketplace Offers
Hot Rolled Coil
Thickness
1.5 - 25 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Cold Rolled Coil
Thickness
0.4 - 2.5 mm
Width
1,000 - 1,500 mm
Coil
R
Tedarikçi
DAVUTOĞLU METAL MAK. İNŞ. SAN. TİC. LTD ŞTİ.
Hot Rolled Coil
Thickness
0.8 - 5 mm
Width
1,150 - 1,850 mm
Coil
R
Tedarikçi
SAMBHV SPONGE POWER LIMITED