In the Vietnamese flat steel market, demand is following a weak trend due to the tight monetary policy of the government aimed at pushing down inflation. Following the Japanese earthquake, local steel mills in Vietnam have increased their hot rolled coil (HRC) prices by $5/mt. However, this price hike attempt has been unable to gain acceptance, with local buyers maintaining a wait-and-see stance. Currently, domestic HRC prices in Vietnam are standing at $720-730/mt ex works.
On the other hand, ex-China HRC offers to the Vietnamese market, which had previously declined, have rebounded after the Japanese earthquake to the level of $720/mt CFR, up from $700/mt CFR.
Vietnamese HRC buyers adopt wait-and-see stance
Marketplace Offers
Hot Rolled Coil
Thickness
2 mm
Width
1,500 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,200 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.
Hot Rolled Coil
Thickness
2.5 mm
Width
1,000 mm
Coil
R
S235JR
Tedarikçi
YÜCEL BORU VE PROFİL END. A.Ş.