- Domestic scrap market: In the past week, as previously forecasted, shortages and difficulties in circulation continue to tend to push up the price of scrap across the country. The popular increase of about 200 VND/ kg of An Khanh in the South, TISCO at the beginning of the week. Some large scrap yards in Hai Phong also increased from 300-600 VND / kg depending on the type. In the second half of the week, Southern Steel (VNSTEEL) and TISCO continued to announce an increase in the price of scrap 200 VND / kg.
- Imported scrap market: The current trend of increasing domestic scrap prices is in contrast to imported scrap, import waste prices have fallen since the end of last week and the scrap market is bleak in China, Japan, Europe. Japan's H2 offer to Vietnam decreased by $20-25 per tonne compared to the previous week, to $475-480 per tonne CFR. In contrast, the U.S. offer for HMS increased by $10-15 per tonne, ranging from $500-510 per tonne CFR.
- Imported HRC market: Vietnam's HRC import market weakened amid severe epidemic situation, Covid-19 positive cases soared in other regions in the South, and economic centers such as HCM and Hanoi. This week, buyers were not excited to trade even though the sellers of Russia and India are offering very good prices. In the second half of the year, even business parties will have to turn to other supplies as an alternative to those of Chinese suppliers.
- Domestic HRC market: Fluctuations in the HRC offer market plus the complicated epidemic situation in the country makes the price adjustment not yet possible as expected, the domestic price has basically gone sideways throughout the week. In fact, some businesses this week also have certain price adjustments, but the margin fluctuates small, only from 100-200 VND / kg and is limited to some specific types, not simultaneous adjustments and this trend will probably last the first half of August.
- Export steel billet market: In the export market, Vietnam's embryo prices were affected after Tang Son workpiece decreased earlier this week, then increased slightly in the middle of the week and then went sideways. Therefore, Vietnam's exporters had to lower the price from $710-715 per tonne CFR at the beginning of the week to $695-700 per tonne of Chinese CFR during the weekend trading day.
- Domestic steel billet market: The number of billet offered for sale is low and buyers show caution when the asking price is pushed up while the construction steel price has not changed. Some weekend transactions have decreased compared to the first day of the week with prices from 14,700-14,800 VND/kg. At this time, expectations in the construction steel market failed, market psychology has not improved, factors of domestic goods circulation are also other important factors impacting the embryo market.
- Construction steel market: Expectations of price increase in the construction steel market were unsuccessful, even on the first trading day of the week saw a southern factory announce an increase in discount by VND 500/kg. Epidemic factors, domestic consumption and also a slowdown in the workpiece market caused the construction steel market to go sideways throughout the week and could continue this trend until mid-August instead of slightly adjusting for an increase.
- Box steel market: Last week, The steel box market did not adjust clearly due to the effects of the uncontrolled pandemic. Hoa Phat, Hoa Sen, Nam Kim or Sendo have not made new adjustments. Many box steel enterprises have continued to apply discount policies on products to promote consumption somewhat during difficult times.
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