Vietnam Import Hot Rolled Coil Market Is Light

July 7 Vietnam hot coil import valuation of $570-575 / ton (CFR), an upward trend from $560-575 / ton (CFR) in the previous week (mainly refer to 2-3mm SAE1006 rerolled grade hot coil and similar products). According to Vietnam market, Vietnam hot import market actual transaction last week relatively light, on the one hand is the downstream demand not significantly improved, on the other hand is Vietnam’s first hot volume producer river static steel will release a new hot price policy, so the buyers are waiting for river static steel pricing information, there are some market rumors that the river static steel will be its domestic hot price raised to $600 / ton (CIF), but a mainstream Japanese steel mills think according to the current domestic demand in Vietnam, river static steel is unlikely to significantly increase its domestic prices, At present, hejing Iron and Steel is more concerned about the export of hot coil products to Europe and the United States market. Last week, Vietnam, another mainstream steel companies and hair group announced its domestic August and September period hot roll, increase by about $6 / ton, the price after its SAE1006 and SS400 to central and northern Vietnam offer 13700-13730 dong / kg ($576.3 / ton), to the southern offer 13,730 dong / kg, are not including VAT. Last week China SAE1006 hot roll to Vietnam mainstream export price $580-590 / ton (CFR), Some Vietnamese buyers bid $560-565 / ton (CFR), One Chinese trader said that Chinese steel mills would not accept a price of $560-565 per ton (CFR); Last week, China SS400 hot roll to Vietnam mainstream export price of $560-570 / ton (CFR), Some Vietnamese buyers offered $535 / ton (CFR), Not heard of the actual transaction; Last week, China Q195 hot volume to Vietnam mainstream export price of $535-540 / ton (CFR). Last week, India SAE1006 hot roll to the mainstream export price in Vietnam was $580- $585 / ton (CFR). On July 7, Vietnam from Japan, South Korea and Taiwan, China imported imports of $580-590 / ton (CFR), unchanged week on week. Last week, a major Japanese steel mill said it was considering adjusting its export offer to Vietnam to $580- $590 a ton (CFR).