Flat steel prices slip further in Vietnamese domestic market

Flat steel demand in the Vietnamese domestic market is still weak and both domestic and import offer prices have decreased further.
 
In the Vietnamese domestic market, hot rolled coil (HRC) prices are now standing at $615-620/mt ex-works, after a decrease of $15-20/mt, while cold rolled coil (CRC) prices have declined to $740-755/mt ex-works, decreasing by $35-40/mt, both compared to late July. The above prices do not include VAT.
 
As for flat steel import offers to Vietnam, Chinese 3-12 mm HRC offers to Vietnam have since late July declined by about $20/mt to $560-570/mt CFR, while offers for 2 mm HRC from South Korea and China are at $590-595/mt CFR and $570-590/mt CFR respectively.