In the first week of October 2019, Indian decreased their offer for Vietnamese market. Latest offers were at 440 – 445 usd/ton CFR Vietnam for HRC SAE 1006 2mm, which were down around 15 usd/ton from 455 – 457 usd/ton last week. Heard there were spot lots around 5,000 mt signed at 440 usd/ton for October shipment. Buyers are expecting lower price and bidding at 435 usd/ton.
Russia HRC offers were also down around 15 usd/ton compared with two weeks ago. MMK offered big coil at 435 usd/ton and small coil at 425 usd/ton for CFR Vietnam for early January shipment. However, compared with level 437 usd/ton CFR was made for December shipment, Vietnamese customers are still waiting for further discount.
With national holiday mood, Chinese suppliers are out of market this week. Next week, when China comes back to work, market situation will be changed a lot.
Vietnam HRC SAE 1006 from Formosa Ha Tinh still remains at 460 usd/ton CFR Vietnam, which is higher than other international sources. However, domestic manufacturers need to use FHS material for some special markets requiring Vietnam HRC origin such as: Asean, USA and EU.
For more detailed price about Vietnam coated steel, please do not hesitate to contact us. We are from MRS Steel and we also look for new cooperation opportunities.
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