Vietnam: Imported HRC Trades Slowdown Amid Ongoing Tet Holidays

This week, imported HRC offers to Vietnam remained stable owing to ongoing Tet holidays. Thus, trade activities remained mute as buyers in Vietnam are on weeklong holidays. Thus, with the suspended market activities, there were no changes in offers from major exporting nations.

Current imported HRC offers to Vietnam-

1. HRC (SAE 1006) 2mm, China- Rizhao Steel's offer unchanged at USD 517- 520/MT CFR basis, remain unchanged this week.

2. HRC (SAE 1006) 2mm, China- Benxi is offering at USD 520-525/MT CFR basis, unchanged over the previous week.

3. HRC (SAE 1006) 2mm, South Korea- Hyundai Steel's offer continues to hover at USD 520-530/MT CFR basis.

4 HRC (SAE 1006) 2mm, India- Indian steel manufacturers are offering at USD 540- 550/MT, stable over the previous week's offers.

5.HRC (SAE 1006) 2mm, Russia- MMK steel is offering at USD 505/MT CFR basis.

6 HRC (SAE 1006) 2mm, Japan- JFE steel's offers hover at USD 520/MT CFR basis.

7. Vietnamese integrated steel manufacturer Formosa Ha Tinh is offering HRC (2mm, skin pass) at USD 520/MT for March shipments.