Offering HRC prices in Southeast Asia

A trader in Ho Chi Minh City, said in mid-December and early last week, Vietnam has re-re-shipment export HRC 2mm rolled back imports from Russia for $ 615 USD per tonne fob, but the volume sold by the vendor is not much for that price would increase.

Export volume of around 40,000 to 50,000 tons to India and to traders, who are expected to increase prices after the new year.

In addition, HRC bid 2mm of Korea in Vietnam now stands at 670 USD / tonne CFR, and Taiwan is still no new offer price. According to some sources, Taiwan's ability to raise offer price of 20-30 dollars per ton increase to U.S. $ 640-650 per tonne fob for this kind of re-rolled 2mm HRC price from 630 USD per tonne fob earlier this month.

An importer of Vietnam said, the situation is still weak domestic consumption, so customers are very hard to accept raising their prices to higher levels. Currently, the price of standard commercial HRC domestic price is 610-620 dollars per ton (exclusive of VAT 10%). We can identify market trends more clearly after the New Year holidays.