During the past two weeks, hot rolled coil (HRC) prices in the Vietnamese domestic market have decreased by $20/mt to $540-545/mt ex-warehouse, while cold rolled coil (CRC) prices have declined by $15/mt to $665-670/mt ex-works. Meanwhile, rerolling quality HRC of 2 mm thickness are now being quoted at $560-565/mt ex-warehouse, indicating a decrease of $15-20/mt over the past two weeks.
On the import side, Chinese HRC offers to Vietnam are now at $545-550/mt CFR, decreasing by $20/mt over the same period, though no deals have heard so far at these levels. In the meantime, offers for rerolling quality HRC of 2 mm thickness from China have declined by $25/mt to levels of $560-565/mt CFR.
Weekly price movements of different steel products in major markets can be viewed comparatively in the SteelOrbis Historical Steel Prices section. Market trends can thus be seen more clearly, while desired charts can be created and used in reports or presentations.