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According to the latest S55C steel quotation of Hefa Iron and Steel for hot coils from June to July, the price has been increased by $25/ton compared to the previous one. The latest quotation is $576-578/ton CIF Ho Chi Minh, which is in line with the expected increase of $20-30/ton before the market. The S55C steel price increase this time is mainly due to the reduction in resource trading due to China's price advantage, and the rapid increase of $20/ton in the quote from China Heat to Vietnam. Pricing is based on Vietnamese S55C steel dong, and the quoted price for hot rolling is 14640-14670 dong/kg, with an increase of 930 dong/kg, approximately 25 US dollars/ton.