Vietnam’s construction steel market is basically closed during the holiday, and the import resources of sheet metal will resume quoting after the holiday

The Vietnamese construction steel market is basically closed during the Spring Festival holiday, and prices remain stable. The current domestic trade evaluation price of mainstream rebar resources in Vietnam SA203 Grade C steel is 13450-13800 Vietnamese dong/kg (approximately 525-539 US dollars/ton); The market circulating prices of wire CB240D6 and D8 are between 13410-13550 Vietnamese dong/kg (approximately 515-541 US dollars/ton), both of which do not include taxes. Before the holiday, it was heard that some orders in the market were transacted at a price 100-200 Vietnamese dong lower than this price. After the holiday, the trading atmosphere was quiet. According to feedback from market traders, the current market has not fully recovered yet, and orders have not started in the past two days because most of the construction sites have not started yet and are currently in a wait-and-see state.

In terms of hot rolls, domestic trade SA203 Grade C steel resources generally release a new round of quotes from Vietnam Development Company on the 2nd of each month. Due to the holiday season, the quotes have not yet been released, and according to feedback from relevant sources, the new round of quotes may continue to decline. For imported resources, with the end of the Chinese Spring Festival holiday on the 25th, exporters gradually returned to the market. As far as Mysteel is concerned, some Chinese exporters' quotation levels for the hot roll of China's shipment to Vietnam in April are: material Q195 is $472, Q235 is $480, which has little fluctuation compared with that before the festival, about $2-4. In addition to the quotation from China, Indonesia's Dexin has also updated its latest quotation for Vietnamese hot coils today, with a material of SAE10062.0-6.0mm and a price range of 500-505 US dollars per ton for the April shipping schedule. Overall, during the post holiday period, the Vietnamese SA203 Grade C steel market is still in a stage of gradually returning, and market activity remains low