24 Hour Emergency Steel Machining Response

Import price of hot rolled coils in Vietnam increased by US $10 / T

On April 16, the assessed import price of hot rolled coils in Vietnam was 920-930 US dollars / ton (CFR, Vietnam), with a weekly increase of 10 US dollars / ton (mainly for 2-3mm rerolling grade SAE1006 hot coil and similar products).

According to Vietnamese market news, last week, a Vietnamese buyer ordered a batch of 20000-30000 tons of hot rolled coils from a mainstream Indian steel plant, and the transaction price was 930 US dollars / ton (CFR, Vietnam). The mainstream quotation of SAE1006 hot coil for Chinese traders is 920-930 US dollars / ton (CFR, Vietnam). There is a Chinese steel mill whose quotation for hot rolled steel coil export is US $905 / T (CFR, Vietnam).

A Vietnamese trader said that the export situation of some hot-dip galvanized sheet manufacturers in Vietnam is still in good condition, so they will continue to purchase imported hot rolled coils from China and India.

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