This week imported HRC offers remain firm from China as Christmas holidays are also around the corner ahead of Lunar new year holidays.Thus market sentiments also remained firm in Vietnam with less buying interest amid year end holidays.
Thus buyers in Vietnam are hesitant to make purchases now and will be planning to make bookings post festive holidays.
Current HRC trade offers to Vietnam – Week 52, 2018
1.HRC (SAE 1006) 2-3mm / Chinese offer- Benxi Steel is at USD 495/MT CFR Vietnam.
2.HRC (SAE 1006) 2-3mm / Chinese offer- Rizhao Steel is at USD 490/MT CFR Vietnam.
3.HRC (SAE 1006) 2-3mm / Chinese offer – Laiwu Steel is at USD 480/MT CFR Vietnam.In previous week the offers were at USD 485/MT CFR.
4.HRC (SAE 1006) 2-3mm /Taiwan offer – steel is at USD 520/MT CFR Vietnam.Last week the offers stood at USD 520/MT CFR basis.
5.HRC (SAE 1006) 2-3mm /Indian offer – Indian mills are heard offering at USD 485-495/MT CFR Vietnam. There were some reports heard with deal getting concluded, but not confirmation was received at the time of publishing this report. The prices are lower by USD 30/MT M-o-M.
6.Vietnam’s based Formosa is offering HRC (SAE 1006,skin pass) in the range of USD 480/MT CFR basis for Feb’19.
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