While trade activity has remained slow, import HRC prices in Vietnam have remained relatively stable this week for SAE1006 HRC though they have indicated a slight recovery for Q235/SS400 amid fluctuations in HRC futures prices, coupled with continuing slow demand from end-users in the country.
Specifically, offers for ex-China Q235/SS400 HRC have been voiced at $510-515/mt CFR, against $500-505/mt CFR last week. Besides, according to sources, even a few deals have been signed at $513/mt CFR, up by $10/mt week on week.
Meanwhile, offers for Chinese SAE1006 HRC have been estimated at $525/mt CFR, against $520-525/mt CFR last week. “Rare deals have been voiced from re-rollers, as demand has remained sluggish, coupled the uncertainty over the future price trend. On the one hand, Chinese HRC futures prices have increased significantly, but the uptrend lacks strength for the future,” a market insider told SteelOrbis.
Meanwhile, offers from other suppliers HRC suppliers, including those from Japan and India, have been estimated at $535-540/mt CFR.
Thus, the SteelOrbis reference price for import SAE1006 HRC has settled at $525-535/mt CFR, against $520-540/mt CFR last week.