1 . Domestic scrap market:

Prices continued to rise in most markets, especially in the North after large enterprises such as TISCO, Shengli, BKT ... They all increased in price. Although the price has been constantly adjusted, the market was still scarce, many factories only met 50-70% of capacity. Therefore, the price of scrap next week in the domestic was likely to increase even slightly, especially when imported scraps increased sharply and embryos were still increasing.

2.Imported scrap market:

Last week, market  has seen a surge in purchases from Vietnam with imported scrap. Estimated  about 50,000 tons of scrap has been successfully traded despite the constant increasing price. The surge in H2 domestic has pushed Japan's H2 bid to US$530 per tonne of CFR Vietnam, so Vietnamese buyers have turned to the Australian, US and European markets... The price of scrap imported on weekends, whether basic or high-end, increased from $5-10 per ton compared to the beginning of the week. The 80:20 a.m. scrap shipments have successfully traded for $520 a tonne of CFR. Next week, imported scraps could rise as the Kanto bid and other markets also rise in price, especially Turkey.

3.Import HRC market:

Basically, the market freezed as China holidays, Russia stopped offering and India adjusted for sharp price increases in domestic. At the end of the week, when the Chinese market returned, the asking price also appeared with an upward correction. India's HRC offering also increased, with no more offers below $900 a tonne of CFR. The Asian HRC market was rising again due to China's sharp decline in output next week, the HRC prices of Formosa and Hoa Phat announced that they will rise after months of consecutive declines. Hrc's increased imports were expected to be a factor driving the domestic market to be vibrant again.

4.Domestic HRC market:

After a downward correction last weekend, this week the domestic HRC market was basically sideways, some small businesses continued to have price adjustments but not much and not at the same time. HRC consumption has not increased as expected is a factor that makes the domestic market less vibrant. However, the main problem remained in the downward trend and remains low. Local businesses are expecting positive changes in the coming week.

5.Export steel billet market:

Due to China's holiday, Vietnam's export embryo market was also less vibrant, which had very few applications this week. Most applications went to Southeast Asian countries, with prices hovering around $700 per tonne of CFR, lower than the Chinese market. At the end of the week, after the Chinese market returned, the price of Tangshan embryos increased sharply, adding about 100 yuan per ton to the factory price. This signal showed that the vibrant would be come back  with export embryo market in the coming week.

6.Domestic steel billet market:

The excitement in the 40th week has not happened although the price of construction steel and scrap has also increased in price and embryos also increased slightly. This was mainly as the difference in billet prices and construction steel prices were too low while the export market is on break, so both sides are cautious. This week, embryos increased from 300-400 VND / kg compared to the previous week, the price of medium-frequency embryos in many markets around the mark of 15,300-15,500 VND / kg. This week prices are likely to rise further as export embryos rise. But this meant increased pressure on the domestic market.

7.Construction steel market:

In the 40th week, factories have simultaneously increased prices, the increase is different but basically increased by 200 VND / kg for recal and coiled steel. September consumption of steel mills also showed signs of recovery, especially with Hoa Phat when consumption soared by 59 thousand tons compared to August. In generally, this week, the increase in construction steel prices has not been able to help the market recover but  this was a stepping stone to bring good psychological effects for the end of the year. It was not ruled out that there would be further increases as soon as October if consumption improves, the price of embryos and scraps increased as well as the disease will be better controlled.

8.Box steel market:

Unlike last week, this week, the number of price-adjusting factories was not much. Mostly only Hoa Sen group decreased slightly. After Hoa Sen's adjustment, the box steel floor price of the basic factories was similar, at less than 27,000 VND / kg. The choice went sideways this week with factories in addition to the reasons for consumption has not improved, mainly because many factories want to wait for new developments in the HRC market, which is expected to increase prices as soon as next week.