Date: 05 August 2019 , 17:50
News ID: 5739

Vietnam: Imported HRC Prices Soften Further in Recent Deals

In conversation with market sources based in Vietnam, SteelMint analyzed that imported HRC prices to Vietnam soften further by around USD 10-15/MT towards the end of this week amid lower bids from end users in Vietnam.
Vietnam: Imported HRC Prices Soften Further in Recent Deals

Thus steelmakers in China and India concluded few deals with buyers based in Vietnam around USD 505/MT CFR basis.

Current HRC trades to Vietnam- Week 31, 2019
1.Confirmed trade deal heard of around 10,000 MT of HRC booked by Chinese steelmaker Rizhao steel at USD 505/MT CFR basis for September shipments.

2. Confirmed trade deal heard of positioned cargo booked around 5,000 MT of Indian HRC in range of USD 503-505/MT CFR basis for Aug end shipments.

3.HRC (SAE 1006) 2-3mm/Chinese offer- Baosteel Steel is at USD 515/MT CFR Vietnam.

4.HRC (SAE 1006) 2-3mm/Chinese offer- Laiwu at USD 505/MT CFR Vietnam.

5.HRC (SAE 1006) 2-3mm/Japanese offer- Nippon Steel is at USD 520/MT CFR Vietnam.In the beginning of the week offers were around USD 540/MT CFR basis.

6.HRC (SAE 1006) 2-3mm/Brazil offer- Arcelor Mittal is at USD 507/MT CFR Vietnam.In the beginning of the week offers were around USD 520/MT CFR basis.

7.HRC (SAE 1006) 2-3mm/Russian offer- MMK Steel is at USD 510/MT CFR Vietnam.In the beginning of the week offers were around USD 520/MT CFR basis.

8.HRC (SAE 1006) 2-3mm/Korean offer- Hyundai Steel is at USD 520/MT CFR Vietnam.In the beginning of the week offers were around USD 530/MT CFR basis.

source: SteelMint