The Vietnamese hot rolled coil (HRC) market continues to face challenges in finalizing import deals, as demand remains sluggish. Both domestic and export demand for coated steel remains weak, reflecting the overall slow pace of market activity. However, domestic demand has shown a slight improvement compared to exports, offering some relief to local suppliers. Despite this, buyers remain cautious, and trading activity is subdued as market participants assess the economic outlook and pricing trends.
Offers for ex-China 2,000 mm Q235 HRC in Vietnam have been voiced at $475-478/mt CFR for May-June shipment, up by $2-5/mt week on week, but down by $3/mt since Friday, March 14. Besides, offers Q355 have settled at $490-495/mt CFR, while no firm offers have been reported for ex-China SAE1006 HRC, with only indicative prices assessed at $495-500/mt CFR levels, mainly the same as last week.
Meanwhile, offers for ex-Indonesia SAE1006 HRC have been reported at $510-520/mt CFR, the same as those coming from India, though, according to sources, most bids have been voiced at $500-505/mt CFR levels. Besides, offers for ex-Japan SAE1006 HRC have been estimated at $520/mt CFR and above
Thus, the SteelOrbis reference price for import SAE1006 HRC have remained at $495-500/mt CFR, the same as last week.
