Hot rolled coil (HRC) prices in the Vietnamese domestic market are at $560-565/mt ex-warehouse, while cold rolled coil (CRC) prices stand at $680-685/mt ex-works. Meanwhile, rerolling quality HRC of 2 mm thickness are now being quoted at $570-575/mt ex-warehouse.
On the import side, Chinese HRC offers to Vietnam are now at $560-570/mt CFR, indicating an increase of $20-28/mt week on week, though only a small volume of deals has been concluded. In the meantime, offers for rerolling quality HRC of 2 mm thickness from China have moved up by $10-15/mt to $585-595/mt CFR, while offers from Japan are at $610-615/mt CFR, increasing by $20-25/mt since last week. In addition, South Korean offers are now at $620/mt CFR, indicating an increase of $40-45/mt.
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.