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Vietnam’s imported board prices continue to hit bottom

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Today, the price of imported sheet metal from Vietnam continues the downward trend of last week. According to local traders, Q235B is currently maintained at $510/ton CFR Vietnam, with an actual transaction price of around $505/ton. The QSTE550TM steel price of Q195 has repeatedly fallen, with a quote of $495/ton CFR Vietnam. There has been no news of a transaction yet. It is reported that only when the price of Q195 reaches $490/ton CFR Vietnam QSTE550TM steel can there be a chance to make a deal. Currently, there is over 1 million tons of inventory in the market, but demand is poor. However, if futures rebound, market demand will rebound significantly.

  • Source: Abstract
  • Editor: Shirley

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