Prices in Vietnamese flat steel market

Flat steel demand in the Vietnamese market has remained weak, while prices have trended sideways over the past week. Accordingly, hot rolled coil (HRC) prices are still standing at $580-590/mt ex-works, while cold rolled coil (CRC) prices are at $730-735/mt ex-works and rerolling quality HRC prices for 2 mm are at $590-600/mt ex-works.
 
On the other hand, HRC offers from China to Vietnam are unchanged at $570-575/mt CFR, while offers for 2 mm rerolling quality HRC from China to the same destination are now at $585/mt CFR, indicating a decline of $10/mt since last week. In addition, ex-Japan 2 mm rerolling quality HRC prices stand at $580/mt CFR. However, Vietnamese buyers are interested in offers in the price range of $560-565/mt CFR.