Tel :
Tel :
Driven by a tight supply of slab feedstock, the Indonesian hot-rolled coil (HRC) market has strengthened significantly in recent weeks. JFS A3021 JEH370W Automotive steel strip, According to market participants, HRC transaction prices in Indonesia have risen from $530/ton (CFR) to $560/ton (CFR) over the past two weeks or so.
A major Indonesian steelmaker is currently quoting 3mm SS400-grade HRC for June shipment at $565–570/ton (CFR Jakarta)—a marked increase from the transaction price of $530/ton recorded on March 3. JFS A3021 JEH370W Automotive steel strip, Market feedback indicates that, due to reduced slab availability and the approaching Eid al-Fitr holiday, two traditional Indonesian HRC suppliers withdrew their domestic market offers last week.
Industry sources point out that Indonesian hot-rolled coil (HRC) producers, who have historically sourced Iranian slabs as raw material, are currently facing shortages resulting from supply disruptions linked to the conflict in the Middle East. Traders in Jakarta report that recent transaction prices for HRC have reached $550–560 per tonne (CFR Indonesia). While domestic prices in Indonesia were already on the higher side, buyers are now willing to accept the elevated pricing offered by local steel mills.
Buyers, however, remain cautious as the region approaches the upcoming Ramadan and Eid al-Fitr holidays. The holiday period is reportedly set to commence on March 19 and last for approximately one and a half weeks.
Regarding the export market, the aforementioned Indonesian steel mills have not been actively submitting price quotes to Vietnam. A trader in southern Vietnam noted that demand for hot-rolled coil in Vietnam is currently weak; consequently, Indonesian mills—finding their pricing uncompetitive—have refrained from formally quoting to the Vietnamese market. JFS A3021 JEH370W Automotive steel strip, Reportedly, export prices are hovering around $530 per ton (FOB). This corresponds to a level of approximately $550 per ton (CFR Vietnam), a price point of limited relevance to the lower-priced Vietnamese market.
In contrast, domestic Vietnamese steelmakers—Hoa Phat Steel and Formosa Ha Tinh Steel—recently quoted new allocations for April/May shipments to the domestic market at approximately $510–$515 per ton (CFR Southern Vietnam), with specific pricing contingent upon purchase volume.
Local traders in Vietnam report that domestic producers are actively seeking opportunities to export steel slabs in an effort to secure better profit margins. It is reported that, for the week ending March 13, a Vietnamese steel mill quoted slab prices of $520 per ton (FOB) to the Indonesian market—an increase of $5 to $10 per ton compared to the previous week.
