Vietnam: Imported HRC Offers Stable; Limited Deals Reported
Imported HRC offers to Vietnam remain stable in the beginning of this week amid ongoing public holidays in Vietnam. Vietnamese buyers are on holiday mood on the occasion of Hung Kings Commemoration.
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
source: SteelMint
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