BigMint is a Market Intelligence and Price Reporting firm that caters to the data and analytics requirements of businesses in the commodities sector. It publishes real time prices and information, which is impartial, independent and reliable, sourced from all industry interfaces – sellers, buyers, agents and traders. This data is filtered and passed through very stringent, calculative assessments before final prices are derived, thereby giving our clients accurate pricing.

Go to List

Vietnam : Imported HRC Prices Fall in Recent Booking

...

Finish Flat

BigMint Bureau

826 Reads

17 Feb 2020, 14:22 IST

Vietnam : Imported HRC Prices Fall in Recent Booking

Imported HRC prices to Vietnam have fallen further by USD 5-10/MT from China in a recent deal concluded for March shipments.

Chinese based major steelmaker - Baosteel booked 20,000 MT HRC (SAE 1006) with Vietnam's leading galvanized steel producers namely Nam Kim and Hao Sen. The deal price was at USD 480/MT CFR Vietnam for March deliveries, SteelMint learnt from its sources.

Last week the company was offering imported HRC to Vietnam at USD 490/MT CFR Vietnam.

Current imported HRC offers to Vietnam-
1.HRC (SAE 1006) 2mm, China- Benxi is offering at USD 475/MT CFR basis. Towards the end of last week offer was at USD 480/MT CFR basis.

2.HRC (SAE 1006) 2mm, China- Maanshan Steel's offer is at USD 470/MT CFR basis.

3.HRC (SAE 1006) 2mm, China- Rizhao Steel's offer is at USD 470/MT CFR basis. Towards the end of last week offer was at USD 475/MT CFR basis.

4.HRC (SAE 1006) 2mm, China- Chunghung Steel's offer is at USD 500/MT CFR basis.

5.Vietnamese domestic integrated steel manufacturer Formosa Ha Tinh kept its HRC (skin pass, SAE1006) prices unchanged at USD 520/MT for Apr'20 deliveries.