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Welcome to the latest edition of the Steel price index – 2024/10/12-19 from MRS Steel, where we deliver an in-depth analysis of recent price movements within the steel industry.This report offers valuable insights into the fluctuations across global steel markets and various product categories. Stay informed with the latest trends and developments shaping the international steel market, ensuring that you are prepared for changes in this dynamic industry.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC of 3mm baseViet Nam492-500CFR Viet Nam – Nov/Dec shipmentChinaQ235 HRCViet Nam500-510CFR Viet Nam – Nov/Dec shipmentChinaSAE1006 50% 2mmViet Nam515CFR Viet Nam – Nov/Dec shipmentChinaSAE 1006 50% 2mmViet Nam510-515CFR Viet Nam – Nov/Dec shipmentJapanSAE 1006Viet Nam535CFR Viet Nam – Nov/Dec shipmentChina6.5mm wire rod meshHai Phong/Ho Chi Minh505-510CFR Hai Phong/Ho Chi Minh – Nov/DecIndonesiaWire RodThailand540CFR Thai Lan -Nov/Dec shipmentChinaWire RodManila505-510CFR Manila – Nov/Dec shipmentIndiaHRCIndia575-585EXW MumbaiTurkeyHRCTurkey600-620EXW Turkey – Nov/Dec shipmentRussiaHRCTurkey555CFR Turkey – Nov/Dec shipmentGCCSAE 1006 HRCGCC605CFR GCC ports – Nov/Dec shipmentIndiaSAE1006 HRCGCC570-580CFR  GCC ports – Nov/Dec shipmentEUHRCEU630-652CFR EU main port – Nov/Dec shipmentEUHRCItaly619-630EXW Italy –Nov/Dec shipmentVietnamHRCEU540-550FOB CFR EU ports – Dec shipmentUSHRCUS720-750EXW – Nov/Dec shipmentMexicoHRCMexico751CFR Mexico domestic deliveryVietnamHRCMexico620-625CFR Mexico portsLast week, steel prices in Vietnam continued to fluctuate, primarily influenced by global market conditions. The import price of HRC from China recorded a slight decrease, with offers ranging from 492-510 USD/MT CFR Vietnam for shipments scheduled in November and December. However, many experts forecast that steel prices will rebound by the end of the year due to increasing demand in the construction sector.According to a report from SteelOrbis, global steel prices are also under pressure, primarily due to declining demand from major manufacturing plants, especially in China. Nevertheless, with stimulus policies from the Chinese government to support the construction industry, the market is expected to recover in the first quarter of 2025.The steel market in Southeast Asia, particularly in Indonesia and Thailand, shows signs of recovery as demand from infrastructure projects rises. However, steel prices remain high due to production costs and raw material prices. Experts warn that without timely measures, the market could face steel shortages by the end of the year.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times

The steel industry in Vietnam has witnessed significant growth in exports to the US market, demonstrating its competitive ability and reliability on the international stage. In the first 7 months of 2024, the US was the largest export market for Vietnamese steel, with 1.11 million tons, generating a revenue of 923 million USD, a 91.3% increase from the previous year. This strong signal indicates the potential for expanded trade relations between the two countries in the near future.Vietnam's steel exports to the US soar, showcasing strong trade growth and future opportunitiesChallenges and opportunitiesDespite challenges such as anti-dumping investigations by the US International Trade Commission, Vietnam has not only maintained but also strengthened its position in the global market. This is thanks to the growth in exports of corrosion-resistant steel products and oil country tubular goods (OCTG), showcasing advanced production capabilities and technology. Specifically, the US imported over 11,000 tons of OCTG products in August 2024 and 565,400 tons of CORE products in the first eight months of the year.According to the US Department of Commerce, in August alone, Vietnam exported 139,800 tons of coated steel, nearly half of which 65,200 tons were hot-dip galvanized coil products, along with 38,100 tons of other metal-coated flat steel products.Forecasts and prospectsThe Vietnam Steel Association (VSA) predicts that domestic steel consumption will increase by 6.4% to nearly 21.6 million tons. At the same time, exports of finished and semi-finished steel products are expected to grow by 12%, reaching nearly 13 million tons, further strengthening Vietnam's position on the global steel map.This impressive growth is supported by significant expansion plans in the Vietnamese steel industry. By the end of 2025, Vietnam will add an annual production capacity of 6.5 million tons of crude steel. Vietnamese steel manufacturers will also continue to implement previously announced projects and plan new facilities.Vietnam's steel industry thrives amid challenges, driving export growth and expanding global presenceIn September 2024, the phase 2 project of the Hoa Phat Group’s integrated steel plant in Nong Quy, Quang Ngai province is expected to complete the installation of a hot strip mill with a capacity of 5.5 million tons per year. The mill can produce sheets ranging from 1.2-25.4mm in thickness and hot coils from 900-1650mm in width. Once installation is completed, the Hoa Phat Group will begin cold trials and machine calibration, with hot trials expected by the end of the year. The production facility will also be equipped with two 2,500m3 blast furnaces (2.5 to 2.8 million tons/year) and a steel conversion workshop, including two continuous slab casters (total capacity of 6 million tons/year). The trial operations will be carried out in two phases: the first phase will be completed in early Q1 2025 and the second phase equipment will start operating in Q4 2025.The strong increase in Vietnam's steel exports to the US not only reflects the superior production capacity and high adaptability of the Vietnamese steel industry but also proves the commitment and continuous efforts to expand the market and improve product quality. This clearly shows that Vietnam is not only a trade bridge but also a reliable steel production partner globally. If customers are interested in learning more about the export process and the import benefits of Vietnamese steel, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 769 112 358 for the best support.

Welcome to the latest Weekly Steel Market Update by MRS Steel, where we offer a thorough analysis of the steel industry’s most recent price movements. This report provides essential insights into the fluctuations observed across global steel markets and various product categories. Stay ahead of the curve by diving into the trends and developments shaping the international steel landscape, ensuring you remain informed and ready for shifts in this dynamic sector.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaQ195 HRC 3mmVietnam520-525CFR Vietnam – Nov/Dec shipmentChinaQ235 HRCVietnam525-530CFR Vietnam – Nov/Dec shipmentChinaSAE1006 50% 2mmVietnam540CFR Vietnam – Nov/Dec shipmentChinaSAE1006 50% 2mmVietnam530-540CFR Vietnam – Nov/Dec shipmentTaiwanSPHC/SS400/SAE1006 ≥2mmVietnam575CFR Vietnam – Nov/Dec shipmentIndonesiaSAE1006Vietnam540CFR Vietnam – Nov/Dec shipmentJapanSAE1006Vietnam545-550CFR Vietnam – Nov/Dec shipmentChinaWire rod 6.5mm mesh qualityVietnam510CFR HP/HCM – Nov/Dec shipmentIndonesiaWire rod 6.5mm mesh quality(Not specified)520FOBIndonesiaWire rodThailand520FOBChinaWire rodThailand530CFR Bangkok – Nov/Dec shipmentIndiaHRC IS2062/E250 BRIndia575-585EXW MumbaiTurkeyHRCTurkey600-620EXW – Nov/Dec shipmentChinaHRCTurkey565-575CFR Turkey – Nov/Dec shipmentRussiaHRCTurkey550-560CFR Turkey – Nov/Dec shipmentTurkeyWire rod mesh quality(Export)620-625FOB TurkeyChinaSAE1006 re-rolling grade 2mmGCC600-615CFR GCC ports – Nov/Dec shipmentChinaSS400/S235JR 3mmGCC580-590CFR GCC ports – Nov/Dec shipmentChinaA36/Q195/Q235 3mmGCC565-575CFR GCC ports – Nov/Dec shipmentGermanyHRCGermany613-657EXW Germany – Nov/Dec shipmentItalyHRCItaly591-613EXW Italy – Nov/Dec shipmentTurkeyHRCEU635-646CFR EU main port – Nov/Dec shipmentIndiaHRCEU640CFR EU main port – Nov/Dec shipmentTaiwanHRCEU602-613CFR EU ports – Nov/Dec shipmentKoreaHRCEU613-624CFR EU main ports – Nov/Dec shipmentJapanHRCEU607-618CFR EU main ports – Nov/Dec shipmentEgyptWire rodEU (Rotterdam)635-646CFR RotterdamUSAHRCUSA804EXW – Nov/Dec shipmentUSAHRCUSA804EXW – Nov/Dec shipmentUSAHRCUSA793EXWKoreaHRCUSA (Houston)727-749DDP HoustonMexicoHRCMexico738EXWChina's steel pricing influence China's steel prices, particularly for HRC, have seen volatility due to a mix of domestic challenges and export pressures. A slowdown in China’s construction sector, especially in the property market, has led to surplus steel production. Moreover, China's ongoing struggles with excess capacity and slower-than-expected recovery in domestic demand contribute to this downward pressure on prices​.Impact of trade policies Trade measures like anti-dumping duties are playing a significant role in the steel market. These policies can lead to price hikes for local buyers as they reduce competition from lower-cost imports​. Similar duties are being applied in Europe and Turkey, which are affecting trade dynamics and could drive prices up in those regions​.Energy costs and secarbonization The steel industry globally is grappling with high energy costs, especially coking coal, which has risen by 50% in 2024​. Steel producers, particularly in Europe and Japan, are facing squeezed margins as input costs rise while demand softens in construction and manufacturing. This has resulted in price disparities across regions - Europe and Japan have higher prices compared to China and Southeast Asia​.Near-term price trends Analysts are forecasting a further decline in global steel prices towards the end of 2024 and into mid-2025. This is attributed to both excess capacity, particularly in China, and slower global economic growth. While Europe and the US may see some price stabilization due to production cuts and energy transitions, Asia could continue facing lower prices due to surplus exports​.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

The benefits of importing galvanized steel coils in Vietnam have been partly proven through the export of 1.5 million tons in 2023. Vietnam is increasingly asserting its position in the international steel export market thanks to advantages in price, product quality, geographical location,...In this article, MRS Steel will analyze the top 5 benefits that importers will enjoy from importing Vietnamese galvanized steel coils.Discover the top 5 benefits of importing galvanized steel coil in Vietnam for competitive pricing and qualityGeographical benefits of importing galvanized steel coil in VietnamVietnam is one of the few countries in Southeast Asia with the most ideal maritime geographical location, directly connecting to China, India, Japan as well as accessing other large markets via international sea routes. Vietnam has a modern seaport system along with many deep-water ports that greatly support steel exports. These ports not only help optimize costs and shipping times but also support Vietnam's participation in the global galvanized steel coil supply chain.Leverage Vietnam's geographical advantages for faster, cost-efficient imports of galvanized steel coil globallyDeveloped logistics servicesVietnam is implementing modern information technology solutions to logistics management and operations to automate warehouse management, tracking and traceability of goods. Along with implementing blockchain to ensure transparency and safety during GI coil transportation, this not only significantly reduces costs but also saves a lot of shipping time. That is also the reason why importers from distant markets such as the US, Australia,... do not hesitate to approach Vietnamese steel sources.Vietnam has also established good cooperative relationships with international and regional partners to enhance logistics capacity. This cooperation makes the customs clearance and entry processes easier and faster.Modern logistics and blockchain transparency make importing galvanized steel coil from Vietnam faster and cost-effectiveTax incentives from FTA agreements and anti-dumping policiesVietnam is a member of several important trade agreements such as CPTPP, EVFTA and many other FTAs, opening up many opportunities to access large markets, reducing or exempting import duties on galvanized steel coils. This helps Vietnamese steel products become more competitive in price, attracting more international customers. In addition, galvanized steel manufacturers always proactively respond and handle foreign trade defense investigations, so they always have the lowest and preferential tax rates compared to other investigated countries.FTA tax incentives and proactive policies make importing galvanized steel coil from Vietnam highly competitiveAdvanced manufacturing technology, outstanding product qualityOne of the benefits of importing galvanized steel coils in Vietnam that attracts many customers is advanced production technology and outstanding product quality. Vietnam uses electric arc furnaces (EAF) to melt steel billets, saving energy and being more environmentally friendly than traditional methods. The diverse and modern galvanizing technology creates a comprehensive protective coating, especially effective for outdoor applications and in harsh environments. For the GI coils, Vietnam has many international brands such as Hoa Sen, Nam Kim, Ton Dong A,... Hoa Sen is the leader in galvanized steel in Vietnam with a rust removal capacity of 1.9 million tons/year and a NOF line 2.2 million tons/year. In addition, GI coil mills also achieved many international certifications for quality and safety such as ASTM, ISO 9001, JIS, EN, BS,...Advanced technology and certified quality make Vietnam a top choice for galvanized steel coil importsCompetitive pricingOne of the biggest reasons that helps Vietnam attract many GI coil importers is competitive pricing compared to exporting countries like India, the USA, South Korea, Japan,... Vietnam benefits from lower labor costs compared to many developed countries, thus reducing overall production costs. In addition, Vietnam also has the advantage of abundant raw materials, with its crude steel production ranking 12th globally in 2023, minimizing supply shortages due to global fluctuations.The mills also apply advanced technologies and strict quality management processes to optimize production processes. This efficiency not only helps reduce waste but also cuts operating costs. Furthermore, large production capacity allows mills to leverage scale to reduce product costs.Competitive pricing and efficient production make Vietnam a leading source for galvanized steel coil importsMRS Steel - elevating your success with premier galvanized steel solutionsMRS Steel is proud to be one of the largest suppliers of galvanized steel coils in Vietnam for many industrial applications such as construction, automobiles and household appliances. Recognizing that each customer has unique needs for GI coil products, MRS Steel connects with the largest GI mills in Vietnam to meet all importer requirements. MRS Steel is always proud of its excellent customer service from initial consultation to after-sales support, helping customers feel secure and comfortable throughout their purchasing journey.Vietnamese steel is increasingly holding a high position on the global steel map and is the preferred choice for importers, thanks to the numerous benefits of importing galvanized steel coil in Vietnam. With crude steel production capacity ranked among the top 12 globally, the Vietnamese steel industry is poised for even more dramatic growth in the near future. To receive the best quotes for Vietnamese galvanized steel coil today, please contact MRS Steel via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 769 112 358 for 24/7 support.

Vietnam is undergoing a period of robust economic development as it ascends to become one of the world's leading steel-producing nations. This has precipitated a global surge in demand for Vietnamese steel. Consequently,  what documents and import procedures are included to import steel from Vietnam?In this article, MRS Steel would like to share about the procedures of importing steel from Vietnam. We invite readers to follow the main content below.Describing the procedures of importing steel from VietnamDetermine the type of imported steelFirst, it is imperative to ascertain the Harmonized System (HS) code of the imported steel product, the quantity to be procured, and the specific technical attributes of the product. Is that item included on the list of import restrictions or import prohibitions?The first step is to identify the steel products that need to be importedExecute the sales contractAfter determining the item to buy, the importer needs to find a supplier, sign a sales contract, and determine the shipping method and delivery method according to incoterms rules. A payment contract is a contract that shows the transaction between two parties. This is a document that will often be required in all sets of documents throughout the goods clearance process. The contract content should include information including: name, quantity of goods, weight, packaging specifications,...Sales contract between exporter and importerCheck import documentsTo import a shipment, the importer needs to prepare the necessary documents and vouchers to carry out import procedures. These documents are required by customs authorities to check and confirm the import rights of goods. Below is a list of main documents required in the import dossier set.Customs declaration: This is a document that registers detailed information about imported goods, including information about origin, value, and other requirements.Sale contract: This contract is signed between the buyer and the seller to determine the terms of the steel purchase transaction.Packing list: This is a detailed list of packing units, quantity and weight of imported goods.Commercial invoice: This invoice provides information about the value of imported goods and other information related to payment.Bill of Lading (B/L): This is an important shipping document, confirming the transportation of goods from origin to destination and proving ownership of the goods.Certificate of Origin (C/O): For some types of steel, a certificate of origin may be required to identify the origin of the goods to enjoy preferential tariffs.Other related documents: Depending on the importing country, other related documents will be required.Above is information about the necessary documents to import steel products from Vietnam. However, if you import steel through MRS Steel, our staff will assist you with the documents.The commercial invoice is a particularly important document when carrying out import proceduresReceive Arrival NoticeFrom 1 to 2 days before the ship arrives, the shipping company will send a notification of arrival via email to the importer. After receiving notification of goods arrival, the importer will proceed with customs declaration.Sample of arrival noticeCustoms declarationAfter fully preparing the documents and procedures, the importer needs to proceed with customs declaration to receive customs clearance. Presently, owing to the advent of digital applications, in certain countries, the customs declaration process can be conveniently registered online. Businesses are required to comprehensively complete all information on the declaration form.In many countries, importers can declare onlineGet Delivery OrderDelivery order is a document issued by a shipping company or specialized shipping unit. A delivery order is used to request a unit to store goods at a port or warehouse for the owner of the goods. Delivery orders can be made by the forwarder or the goods owner.Sample of delivery orderPay duties & complete customs proceduresFor imported steel products, importers need to pay taxes to complete customs procedures. At this time, the importer needs a C/O previously provided by the exporter to get preferential tariffs if the two importing and exporting countries have the same trade agreements. In addition, depending on some specific types of goods, businesses also have to pay additional duties, such as environmental duty and special consumption duty.Importers need C/O to get preferential tariffsReceive GoodsThis is the last step the importer needs to do after completing customs procedures and clearance. At this time, the importer needs to receive the goods and load them onto the vehicle to take them to the warehouse.Receive goods is the final step of the steel import proceduresMRS Steel - Specializes in supporting steel imports from VietnamMRS Steel is a company providing steel import services from Vietnam to steel importers around the world. With many years of experience in the steel field, we will help our partners import steel products from Vietnam quickly and professionally to save costs and quality. We believe that the services of MRS Steel will meet the needs of customers because:Fast delivery time.Our professional staff will provide dedicated advice on products, documents, and procedures.Save time and money.MRS Steel has provided you with information about the procedures for importing steel from Vietnam. However, if you import steel from Vietnam through MRS Steel, the above processes will be optimized, helping you save time and money. Therefore, if you need to import steel from Vietnam, please contact us for advice and support.

One of the commonly used applications of galvanized steel coils is in the HVAC and air ducting. However, many people still do not clearly understand the applications and advantages of galvanized steel coils for HVAC and air ducting.In the article below, MRS Steel will help you learn more about the application of galvanized steel coils in HVAC and air ducting.Galvanized steel coils are often used in HVAC systems and air ductingApplication of galvanized steel coils in the HVAC and air ductingIn addition to common applications commonly found in everyday life, galvanized steel coils are often used in HVAC and air ducting. However, what galvanized steel coil is used for in HVAC and air ducting is still unclear to many people. Below, MRS Steel will tell you about the applications of galvanized steel coils in HVAC and air ducting.One of the applications of galvanized steel coils in HVAC and air ducting is as ventilation duct systems. Ventilation systems play a very important role in buildings, helping to ensure the circulation and exchange of fresh air from outside to inside, thereby helping to maintain air quality and comfort for users. Currently, galvanized steel coil is the most widely used material in ventilation duct construction because it has high corrosion resistance and aesthetic properties. Ventilation duct systems are often found in large factories, commercial centers, and parking garages. In addition, galvanized steel coil can also be used as an insulation support material in ventilation duct systems, as it can withstand the weight of the insulation and help maintain the original shape of the duct wind.The ventilation system is installed outdoorsAdvantages of galvanized steel coils for HVAC and air ductingAesthetics: One of the unforgettable advantages of galvanized steel coils is high aesthetics. The application of galvanized steel coils in HVAC and air ducting helps the product have a shiny, smooth surface and is easy to clean.High durability: One of the first advantages when mentioning galvanized steel coil products is high durability. The use of galvanized steel coils in HVAC and air ducting helps increase bearing capacity, resist mechanical impacts, and protect the inner steel layer for a long time against environmental impacts.Corrosion resistance: One of the outstanding advantages of galvanized steel coils is their high corrosion resistance. Using galvanized steel coils for HVAC and air ducting industry projects helps to highly limit corrosion resistance and maximize product life.Ventilation system is made of galvanized steel with a smooth surfaceMRS Steel - Vietnam's leading galvanized steel coil supplierMRS Steel is one of the leading galvanized steel coil suppliers in Vietnam. With more than 12 years of experience in the steel industry, along with a team of experienced personnel ready to advise and serve 24/7, we are committed to bringing you quality products at competitive prices. At MRS Steel, we are dedicated to providing customer service and support, which has helped MRS Steel become a companion to many partners.We cooperate with leading steel manufacturers in Vietnam, such as Hoa Phat, Ton Dong A, Hoa Sen, TVP,... Currently, products exported by MRS Steel have appeared in many countries and regions. Territories such as Mexico, America, Australia, Indonesia, Malaysia,... If you need to import galvanized steel coils in particular and other types of steel in general, please contact us via Whatsapp (+84) 76 911 2358.MRS Steel has provided you with information about the applications of galvanized steel coils for HVAC and air ducting. Follow MRS Steel to update more useful information.

Welcome to the Weekly Steel Market Update from MRS Steel. In this comprehensive report, we provide a detailed analysis of global steel prices, offering insights into price fluctuations across key markets and product categories. We invite you to explore the latest trends and market developments, keeping you well-positioned in the ever-evolving international steel sector.Exporting CountryProductImporting CountryPrice (USD/MT)Trade & Shipment TermChinaHRC Q195Vietnam495-496 CFREarly Nov ShipmentChinaHRC Q235Vietnam496-499 CFREarly Nov ShipmentChinaHRC SAE1006 50% 2mmVietnam500-505 CFROct/Early Nov ShipmentChinaWire rod 6.5mm meshVietnam498 CFRNov ShipmentIndonesiaWire rod 6.5mm meshVietnam502 CFRNov ShipmentKoreaHRC SAE 1006Vietnam500-510 CFRNov ShipmentJapanHRC SAE 1006Vietnam505-510 CFRNov ShipmentJapanWire rod 6.5mm meshThailand502 CFRNov ShipmentChinaWire rod 6.5mm meshThailand480-490 CFRNov ShipmentIndonesiaWire rod 6.5mm meshThailand498 CFRNov ShipmentThailandWire rodThailand500-505 CFRNov ShipmentChinaWire rodPhilippines485-490 CFRNov ShipmentMalaysiaWire rodPhilippines500-505 CFRNov ShipmentPhilippinesWire rodPhilippines485-490 CFRNov ShipmentChinaHRC IS2062/E250 BRIndia568-580 EXWEXW MumbaiIndiaHRCTurkey570-575 EXWEXW PriceTurkeyHRCTurkey485-495 CFRCFR TurkeyRussiaHRCTurkey485-495 CFRCFR TurkeyIndiaHRC S235Turkey530-535 FOBFOB IndiaChinaHRC SAE 1006GCC525-530 CFRNov ShipmentChinaHRC SS400/S235JRGCC515-520 CFRNov ShipmentChinaHRC A36/Q195/Q235GCC500-505 CFRNov ShipmentIndiaHRC SAE 1006EU585-590 CFRNov ShipmentEUHRCEU625-642 EXWEXW GermanyEUHRCEU614-625 EXWEXW ItalyEUHRCEU570 CFRCFR EU PortEUHRCEU530-550 EXWCFR EU PortTurkeyHRCEU540-560 EXWEXW ItalyIndiaHRCEU530-535 CFRCFR AntwerpTaiwanHRCEU575-585 CFRCFR EU PortChina’s export strategy and price fluctuationsThe prices of Chinese HRC for different grades (Q195, Q235, SAE1006) range from $495 to $505 CFR for the Vietnam market, indicating a slight increase over recent weeks. This price rise can be attributed to China's ongoing efforts to stabilize their steel market amidst oversupply and regulatory pressures. However, these adjustments also reflect China's strategy to maintain competitiveness in international markets by keeping prices attractive for key importers like Vietnam​.The Chinese domestic and export wire rod prices also remain competitive in different ASEAN regions, such as Thailand and the Philippines, with offers varying between $485 and $505 CFR.Korean and Japanese competitivenessKorean suppliers like Hyundai, Dongkuk and Posco have set HRC SAE1006 prices in the range of $500-510 CFR for Vietnam, while transactions have been heard at around $490 CFR. This pricing indicates that Korean mills are aiming to stay competitive against Chinese offerings, adjusting prices to maintain market share in Southeast Asia.Japanese HRC prices for SAE1006 remain slightly higher ($505-510 CFR) with potential transaction prices of $500 CFR for the Vietnam market. This suggests that Japanese suppliers are maintaining a premium over Chinese and Korean offerings, possibly leveraging their perceived quality and consistency.India’s domestic price drops and anti-dumping measuresIndia's JSW and Tata have dropped domestic HRC prices (IS2062/E250 BR) to around $568-580 EXW Mumbai, likely due to subdued domestic demand and the impact of regulatory challenges, including import restrictions and BIS licensing issues.Furthermore, anti-dumping measures against Indian imports in regions like Turkey (11.65% margin on Tata Steel) and the EU are influencing India’s export strategy and competitiveness.Europe's steel market dynamicsThe European HRC market has been under pressure from oversupply, with tradable values declining to around €540-560 EXW Germany and €530-550 EXW Italy. Demand in key steel-consuming sectors remains low and the competition from external imports has pushed European mills to reduce prices. This situation is aggravated by the ongoing anti-dumping investigation against imports from Egypt, India, Japan and Vietnam, which affects the volume and price dynamics of HRC in Europe.Turkey's Erdemir and other mills are offering at around €510/mt ($570 CFR), indicating their attempt to remain competitive despite the downward pricing trend in the EU.* Please note that all pricing information in this article is based on data collected and analyzed by our team and is intended for reference purposes only. Prices are subject to change and may not be accurate at all times.

Many importers are still confused as they cannot determine which black annealed steel wire suppliers in Vietnam.In the article below, MRS Steel will provide you with a list of reputable black annealed steel wire suppliers in the Vietnamese market.Join MRS Steel to learn about black annealed steel wire suppliers in VietnamMRS Steel Trading & Investment Co., LtdMRS Steel is the name mentioned when asking about black annealed steel wire suppliers in Vietnam. Currently, MRS Steel is a reputable supplier of black annealed steel wire products, offering a variety of types and sizes to meet customer needs. With a team of experienced staff, we are proud to be a trusted partner of many companies around the world, including those in Spain, Australia, and Mexico.With many years of experience in the steel industry and a team of experienced staff, MRS Steel constantly strives to meet all customer needs. At MRS Steel, we put the interests of our customers first and are committed to providing quality black annealed steel wire products that meet international standards at competitive prices.MRS Steel is one of the suppliers of black annealed steel wire in VietnamNgoc Minh Steel Co., LtdAlong with MRS Steel, Ngoc Minh Steel is one of black steel wire suppliers in Vietnam. With modern technological lines, Ngoc Minh Steel's black annealed steel wire products are exported to other countries, mainly Laos and Cambodia.Currently, Ngoc Minh Steel's black annealed steel wire products are produced on a continuous wire drawing line, so the products always ensure high quality output. In addition to black annealed steel wire, hot-dip galvanized rolled steel wire is also one of Ngoc Minh Steel's key products.Black annealed steel wire by Ngoc Minh SteelTYCOONS Vietnam Co., LtdTycoons is one of black annealed steel wire suppliers in Vietnam. Established in 2013, Tycoons now has more than 10 years of experience operating in the steel field.Black annealed steel wire is one of Tycoon's main products. Currently, Tycoons' black annealed steel wire products are produced on modern production lines and technology, fully meeting international standards.Black annealed steel wire is one of Tycoon's main productsVinh Thanh Steel Co., LtdEstablished in 1996, Vinh Thanh Steel Co., Ltd is one of black annealed steel wire suppliers in Vietnam. With nearly 30 years of experience in the industry, along with a team of skilled staff and advanced technological machinery, Vinh Thanh Steel Co., Ltd always wants to provide the best products to customers.Currently, black annealed steel wire products of Vinh Thanh Steel Co,. LTD are produced on modern production lines and technology, the products have met ISO 14001:2015 and ISO 9001:2015 standards. In 2023, Vinh Thanh Steel Co,. Ltd exported more than 4,051 tons of black annealed steel wire to countries such as Indonesia, Japan, Thailand,...Vinh Thanh Steel Co., Ltd is one of black annealed steel wire suppliers in VietnamDaeho Special Steel Vina Co., LtdDaeho Vietnam Co., Ltd is one of the black annealed steel wire suppliers in Vietnam. This is also a foreign enterprise with 100% Korean investment, specializing in producing steel wire products.Currently, black annealed steel wire products of Vinh Thanh Steel Co., Ltđ are produced on modern production lines and technology; the products have met ISO 14001:2015 and ISO 9001:2015 standards. In 2023, Vinh Thanh Steel Co,. Ltd exported more than 4,051 tons of black annealed steel wire to countries such as Indonesia, Japan, Thailand,...Daeho products are produced on modern technological linesBenefits of importing black annealed steel wire from VietnamVietnam has emerged as a new powerhouse in steel production, so importing black annealed steel wire from Vietnam can bring some benefits to importers. Firstly, Vietnam is a country located in the center of Southeast Asia, so it is convenient for international trade, has large seaports, and is a place for transshipment of goods and trading with countries around the world. Second, Vietnam participates in FTAs (AFTA, CPTPP, ACFTA,...), so countries that sign agreements with Vietnam when importing steel from Vietnam will receive tax deductions through That helps save costs compared to importing steel from other countries. Besides, Vietnam is also a country with a stable economy and politics; importing steel from Vietnam helps ensure uninterrupted supply.MRS Steel has given you information about black annealed steel wire suppliers in Vietnam. If you need to import black annealed steel wire from the above importers, please contact us here.

Black annealed steel wire manufacturers in Vietnam contributed to the total export volume of steel of all types in 2023 of nearly 100,000 tons. Thanks to improvements in production technology and product quality, Vietnamese black annealed steel wire has established a certain position in international markets such as Europe, Asia,...MRS Steel is a comprehensive partner of the largest steel mills in Vietnam and will help you check the quality of goods and support the import process of black annealed steel wire quickly and conveniently.1. TYCOONS Vietnam Co., LtdTYCOONS Vietnam is one of the largest black annealed steel wire manufacturers in Vietnam specializing in steel wire products, hot rolled steel coils, galvanized, round steel,... In 2023, TYCOONS exported more than 12,000 tons of black annealed steel wire to Taiwan. The mill is also equipped with the most modern production lines based on Danieli and Tenova technology, leading to remarkable production capacity:Hot dipped galvanized steel and round steel production capacity: 24,000 tons/yearWire and mesh steel production capacity: 50,000 tons/yearPickled steel coil production capacity: 24,000 tons/yearTo check the specifications and standards of black annealed steel wire at TYCOONS, customers can contact MRS Steel for the quickest consultation.Explore TYCOONS Vietnam's exceptional steel, powered by advanced Danieli and Tenova technologies2. Vinh Thanh Steel Co., LtdVinh Thanh Steel is a well-known manufacturer and exporter of black annealed steel wire on the international market, particularly to importers in Indonesia, Japan, Thailand,... In 2023, Vinh Thanh exported more than 4,000 tons of black annealed steel wire with normal diameters from 1.3-22mm. Established in 1996, Vinh Thanh Steel has nearly 30 years of experience in manufacturing high-quality steel wire, meeting ISO 14001:2015, ISO 9001:2015,... In particular, the mill can produce a variety of steel grade, size of black annealed steel wire according to customer requirements. Therefore, importers can send all inquiries to MRS Steel for 24/7 inspection and response.Vinh Thanh Steel, with nearly 30 years of expertise, exports top-quality, customizable black annealed steel wire worldwide3. DAEHO Vietnam Co., LtdDAEHO Vietnam produces black annealed steel wire from cold heading quality according to a four-step process: drawing, spheroidization, pickling and coating and skinpass. With nearly 20 years of operation, the company has gradually asserted its position, creating reputation and brand in the international black annealed steel wire market. In 2023, DAEHO exported nearly 4,000 tons of black annealed steel wire to key markets such as India, Malaysia, Indonesia,...DAEHO Vietnam: Nearly 20 years of excellence in black annealed steel wire, trusted globally4. NEW BEST WIRE Vietnam Co., LtdNEW BEST WIRE Vietnam is one of the prominent black annealed steel wire manufacturers in Vietnam established in 2011, possessing investment capital and modern production technology from Taiwan. They expand their customer group in many fields including construction, automobile manufacturing, electronic equipment, machinery,... Regarding black annealed steel wire, NEW BEST WIRE Vietnam has exported nearly 3,500 tons of Black annealed steel wire to Thailand, UAE, Indonesia, Taiwan, Mexico, USA, UK, Japan,...Top export markets for black annealed steel wire from NEW BEST WIRE Vietnam5. HD SteelHD Steel is one of the leading steel trading companies specializing in supplying and exporting various types of construction steel, such as wire steel, construction steel, coil steel,... Additionally, continuously improves and applies modern production technologies to enhance product quality. For black annealed steel wire, HD Steel exported more than 3,000 tons to Southeast Asian markets. Given the positive outlook in the global market, the export volume of black annealed steel wire from HD Steel is predicted to increase significantly in 2024.HD Steel anticipates increased global demand to boost its steel wire exports in 20246. MRS Steel - Your partner for Vietnam’s top steel wire manufacturersLeading black annealed steel wire manufacturers in Vietnam, such as TYCOONS Vietnam, Vinh Thanh Steel, DAEHO Vietnam, NEW BEST WIRE Vietnam and HD Steel, have been continuously improving their product quality and expanding their export markets globally. However, for international customers to easily access and import high-quality steel products from Vietnam, a reliable and market-savvy partner is essential.MRS Steel is proud to be the comprehensive connecting partner of the largest steel mills in Vietnam. We not only help customers verify the quality of goods but also support all import procedures, ensuring that transactions are fast, efficient and seamless.With many years of experience in the steel industry and deep market knowledge, MRS Steel is committed to providing customers with the best solutions, meeting all quality and international standards requirements.Above is the list of the top black annealed steel wire manufacturers in Vietnam in 2023 that MRS Steel has comprehensively compiled. We hope these insights help importers conveniently source and import Vietnamese steel. Contact us via Email: vanloc@mrssteel.com.vn or Whatsapp: +84 769 112 358 for the best advice and assistance in sourcing and importing steel from Vietnam!

Brazil recently launched an anti-dumping investigation into pre-painted steel products from China and India, as its actions are believed to be an attempt to protect its domestic steel industry from unfair competition.Join MRS Steel to learn more about the incident by reading the article below.Brazil investigates anti-dumping of pre-painted steel from China and IndiaKey points of the issueCause of the incident: There have been allegations that pre-painted steel imported from China and India is being sold at prices lower than its actual value, putting pressure on domestic manufacturers and threatening the survival of the domestic steel industry.Countermeasures: Brazil’s Foreign Trade Department (SECEX) has received a request and initiated an anti-dumping investigation into pre-painted steel products from China and India. The investigation was requested by domestic steel producers CSN and Tekno Industry and Trade. Accordingly, Brazil steel producers have asked the government to impose tariffs on imported steel products. The total amount of steel and iron imported from China increased from $1.6 billion in 2014 to $2.7 billion last year. According to domestic producers, in the first eight months of this year, Brazil imported more than 148,000 tons from China and over 5,000 tons from India. The large volume of steel imports from China and India has made the business situation of domestic enterprises difficult. Therefore, the Brazilian Federal Government has conducted an investigation and will reach a conclusion regarding the imposition of anti-dumping duties on pre-coated steel products imported from these two countries. This tax is intended to regulate prices and protect the domestic market.Chinese and Indian exporters react: Chinese and Indian manufacturers and governments have protested against the measures, arguing that they are unfair and detrimental to free trade. They may also file complaints with international trade organizations such as the WTO.Impact of the event: With the investigation and the imposition of anti-dumping duties on pre-painted steel products from the world's two largest steel-producing countries, China and India, this could escalate trade tensions between these countries and Brazil, affecting global steel prices and supplies.The surge in steel imports is a particularly challenging problem for the Federal government of Brazil. Brazil’s measures come as the world braces for an increase in exports from China, as the world’s largest steel industry struggles with excess capacity amid a slowing real estate sector and weak domestic demand.Imported galvanized steel products are considered unfair competition to domestic productsWhat are the opportunities for Vietnam's steel industry?When Brazil conducts anti-dumping investigations into pre-painted steel from China and India, what opportunities will arise for Vietnam's steel industry?Increasing exports: With the anti-dumping investigation, the Brazil market may seek alternative sources of supply. This presents an opportunity for the Vietnamese steel industry to export products to this potential market.Promoting domestic production: With the opportunity to export to Brazil, this also presents a chance for the Vietnamese steel industry to boost domestic production to ensure a stable supply for export.The article on MRS Steel has provided you with information about Brazil's anti-dumping investigation into pre-painted steel products from China and India. If you have any questions, please feel free to contact us for answers.