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Vietnam’s Hot Roll Prices Continue to Fall

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Currently, the quote for Vietnam's Q195 hot coil is $525/ton CFR Vietnam, while the SAE quote is $540/ton CFR, a decrease of $5-10/ton CFR compared to the previous week. There is also a batch of slightly rusted goods, and the quote from mainstream steel mills in China JSC340W steel is around $510/ton CFR. But currently, due to poor demand, the price of SS400 Chinese export hot coil has reached 515-518 USD/ton FOB, coupled with the recent impact of European tariffs on Chinese cars, the pressure on the cold series is also highlighted. In this context, Vietnam Formosa Plastics Hejing has also lowered its August offer to $565 per ton, with actual transactions down by about $15 per ton JSC340W steel.

  • Source: Abstract
  • Editor: Shirley

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