This week imported offers of HRC to Vietnam continued to remain stable owing to steady offers from Chinese steel mills.Meanwhile dull buying and tedious demand from end users in Vietnam has kept imported HRC offers from China supported.
A trader based in Vietnam mentioned that,”Demand from end users in Vietnam continued to remain on lower side over ongoing rainy season.”
Meanwhile domestic producer Formosa is also offering material on competitive pricing which is fulfilling the demand of end users in Vietnam to great extent.However few bookings have been made from Indian mills for September shipments.
Imported HRC offers to Vietnam from China – Week 32,2018
1.HRC (SAE 1006) 2-3mm / Chinese offer – Benxi Iron & Steel mill at USD 605/MT,CFR Vietnam.
2.HRC (SAE 1006) 2-3mm / Chinese offer – Rizhao Steel at USD 600/MT CFR Vietnam.
3.HRC (SAE 1006) 2-3mm / Chinese offer -Magang Steel at USD 595/MT CFR Vietnam.
4.HRC (SAE 1006) 2-3mm / Chinese offer -Xinyu Iron and Steel Ltd at USD 595/MT CFR Vietnam.
5.HRC (SAE 1006) 2-3mm / Indian offer – Offer from major Indian mills is at USD 595-605/MT CFR Vietnam.
6.Currently no active offers from Russian,Korean and Japanese mills to Vietnam.
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