Price levels in Vietnamese flat steel market

Market sources report that demand in the Vietnamese flat steel market is still weak, while local prices have remained stable over the past two weeks.
 
Hot rolled coil (HRC) prices in the Vietnamese domestic market, meanwhile, stand at VND 12,800-13,000/kg ($607-617/mt) ex-warehouse, while cold rolled coil (CRC) prices are at VND 15,300-15,400/kg ($726-730/mt) ex-works. Meanwhile, prices of rerolling quality HRC of 2 mm thickness are being quoted at VND 13,200-13,300/kg ($626-631/mt) ex-warehouse.
 
On the other hand, Chinese offers to Vietnam are at $535-545/mt CFR for HRC, indicating a decline of $5/mt over the same period, while Chinese offers for rerolling quality HRC of 2 mm thickness stand at $580-585/mt CFR for, increasing by $10/mt.
 
$1 = VND 21.085