Overview Of Vienam Steel Market From 27th sep to 1st oct, 2021

1.Domestic scrap market:  Continuing the strong increase from last week, it witnessed upward adjustments in many places. However, the shortage of domestic goods is likely to improve and the scrap may not maintain the current momentum in the near future.

2.Imported scrap market: After having purchased 5000 tons of scrap in the middle of the week from Japan, by the end of the week, buyers from Vietnam traded less. For H2 from Japan, the weekend does not have bids, the possibility of H2's offer price entering Vietnam will increase in the near future.

3.Imported HRC Market: On the first day of the week, HRC's offering remained vibrant with a series of new offers in December 2021 from Chinese and Indian factories, offerings that were diverse in terms of commodities and with price differences, but overall the asking price tended to decline.

4.Domestic HRC market: On the official trading day this weekend, the domestic HRC market has made a slight downward adjustment from 200-500 VND /kg depending on the type with roll and cutting items in the context of Ho Chi Minh City reopening. This behavior is aimed at a trading recovery for the market after a prolonged freeze, while reflecting the downtrend of the input price.

5.Export steel billet market: After the price of TangShan embryos of China stabilized in earlier this week, vietnam's export embryo prices have not changed, maintained the asking price at 680-695 USD / ton FOB, the plan for increasing in embryo prices based on the export market is not much.

6.Domestic steel billet market: Entering week 39, the domestic embryo market is more cautious  than before new developments both domestically and internationally. The market is trading but not too active. The price of medium-frequency embryos remains around the mark of 15,000 VND/kg.

7.Construction steel market: Market sentiment in the last few weeks has improved much. The construction steel market has had quite a few correction signals after a series of days of sideways fundamentals under a lot of pressure. A number of enterprises such as TQIS, Vina Kyoei, Southern Steel, Pomina have all moved to adjust price policies, discount or even announce new price lists.

8.Box steel market: The steel market has been adjusted, the southern box steel market has slightly adjusted in price when some factories such as Nam Hung, Nam Kim, Sendo decreased by 100-200 VND / kg by the end of September. In the North, Nhat Quang has adjusted the price to reduce the price by 200 VND / kg, applied from September 30. On the first trading day of October, while in the North, there were no new behaviors, in the South, some factories continued to slightly adjust the price of box steel from 100-200 VND / kg.

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