Vietnam HRC import prices up slightly as trading picks up after year-end lull

Import prices for re-rolling grade hot-rolled coil into Vietnam were higher in the week ended Monday January 8 as spot discussions resumed at higher levels.

Metal Bulletin’s assessment of HRC import prices in Southeast Asia – which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam – was $570-580 per tonne cfr, up $5 per tonne from a week earlier.
End-users were looking for cargoes at $565 per tonne cfr Vietnam. However, traders said these bids were not workable and anyone who wanted to secure volumes would need to bid higher.
China and India-origin position cargoes were offered at $570-580 per tonne cfr Vietnam.

End-users were engaged in discussions to secure...


Paul Lim

January 08, 2018

09:44 GMT