A trader based in Vietnam shared that majority of the steel companies are closed and no transactions are scheduled today amid holiday.
Current HRC Trade offers to Vietnam - Week 16, 2019
1.HRC (SAE 1006) 2-3mm/Chinese offer - Baosteel is at USD 550/MT CFR Vietnam.
2.HRC (SAE 1006) 2-3mm/Chinese offer - Rizhao Steel is at USD 550/MT CFR Vietnam. Last week the offers at USD 538/MT CFR basis
3.HRC (SAE 1006) 2-3mm/Indian offer - JSW Steel is at USD 543/MT CFR Vietnam.
4.HRC (SAE 1006) 2-3mm/Russian offer - MMK Steel is at USD 533/MT CFR Vietnam.Last week confirmed trade deal of around 30,000 MT of HRC being concluded at USD 530-535MT CFR basis.
5.HRC (SAE 1006) 2-3mm/Japanese offer - Nippon Steel is at USD 575/MT CFR Vietnam.Offers are too high for end users in Vietnam
6.HRC (SAE 1006) 2-3mm/Korean offer - Hyundai Steel is at USD 570/MT CFR Vietnam.Offers are too high for end users in Vietnam
7.HRC (SAE 1006) 2-3mm/Brazil offer - Arcelor Mittal is at USD 540/MT CFR Vietnam.
8.Vietnam based domestic steel maker Formosa Ha Tinh will revise its HRC steel prices shortly