NEWS
IRON and STEEL   Sailing, Ports & Shipping  

Imported HRC Offers to Vietnam Remain Firm

In the beginning of this week imported HRC offers to Vietnam remain stable since buyers have booked few quantities last week in order replenish the stocks in anticipation of further surge in steel prices from major exporting nations.

Thus importers in Vietnam are currently reviewing HRC export offers from China for Aug Sep shipments.

As per market sources, last week Indian steel mills booked around 80,000 MT of HRC with Vietnam for July Aug shipments at USD 508-510/MT, CFR Vietnam last week.

However continual increase in Chinese steel prices amid announced production cuts in Tangshan region may result to uptrend in imported HRC offers to Vietnam shortly.

Current HRC Trades to Vietnam
1.HRC (SAE 1006) 2-3mm/Chinese offer- Benxi Steel is at USD 520/MT CFR Vietnam.

2.HRC (SAE 1006) 2-3mm/Chinese offer- Baosteel is at USD 520/MT CFR Vietnam.

3.HRC (SAE 1006) 2-3mm/Japanese offer- Nippon Steel is at USD 525/MT CFR Vietnam.

4.HRC (SAE 1006) 2-3mm/Indian offer- Indian steel mill offering at USD 515-520/MT CFR Vietnam for Aug sep shipments.

News No: 5008
Date: 2019/07/03 - 23:32
News Source: SteelMint

HRC  Vietnam  CFR  shipment 

Comments:

Leave a Comment:

   
   
   
 

Northwest European HRC mills hike offers

Northwest European steelmakers are hiking their hot-rolled coil (HRC) offers in response to strengthening Italian prices, and to use as leverage in fraught contractual negotiations.
 

EU HRC: Northern mills hike offers as Italy firms

Domestic Italian hot-rolled coil (HRC) prices continued to firm today, spurred further by yesterday's news that steelmaker ArcelorMittal will ramp down all its Ilva blast furnaces by 15 January.
 

EU quotas, weak prices impact trade flows

Drops in steel prices and quota exhaustion changed the trade flows for certain products in and out of the EU in September, Eurofer data show.
 

US steel output shrinks import gap in tariffs' wake

US steel production has risen to fill the gap left by falling imports in the wake of imposition of Section 232 tariffs in March 2018, yet increased output and slowing global growth are weighing on prices and the US industry.
 

Vietnam's NSRP offers off-spec PP

Vietnam's Nghi Son Refinery and Petrochemical (NSRP) is offering small quantities of off-specification polypropylene (PP).
 

Shanghai rebar’s premium to HRC rises to 2019 high

Shanghai rebar's price premium to coil has risen to its widest level in almost a year on the back of strong construction demand and weaker auto sales.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners