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Vietnam: Imported HRC Market turns Silent Amid Ongoing Holidays

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BigMint Bureau

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31 Dec 2018, 13:09 IST

Vietnam: Imported HRC Market turns Silent Amid Ongoing Holidays

Imported HRC market in Vietnam remained silent amid less trades over holidays. Most of the global markets are closed amid New Year holidays. Also in Vietnam ongoing public holidays kept market silent.

However as per SteelMint's assessment, imported HRC offers have remained unmoved against the offers assessed last week.

1.HRC (SAE 1006) 2-3mm / Chinese offer- Benxi Steel : no fresh offers were reported.

2.HRC (SAE 1006) 2-3mm / Chinese offer- Rizhao Steel is at USD 480/MT CFR Vietnam. Towards beginning of last week offers were reported at USD 490/MT, CFR which later fell to USD 480/MT towards week close.

3. HRC (SAE 1006) 2-3mm / Chinese offer- BaoSteel is at USD 495/MT, CFR Vietnam.

4.HRC (SAE 1006) 2-3mm /Indian offer - Indian mills are heard offering at USD 480-490/MT CFR Vietnam. Some reports confirmed deal of 20,000 MT HRC for Jan shipment concluded at USD 475/MT, CFR Vietnam.

5. Vietnam’s based Formosa is offering HRC (SAE 1006,skin pass) in the range of USD 480/MT CFR basis for Feb’19.