In the week of June 21-25, the hot-rolled case (HRC) were imported from China and India for drop in price , but buyers don’t care about it  because domestic consumption is falling sharply. Scrap has been mixed between the North and South but did not reduce strongly, which helped to billet level out slightly. Trading on the construction steel market is  steadly increasing.

1. Construction Steel market: at the beginning of the week 25/2021, the construction steel market is decreased with a relatively decrease with the expectation of improving consumption. After this discount, the price of construction steel simultaneously fell below the mark of 17,000 VND/kg, popular about 16,300-16,500 VND/kg depending on steel type and brand. However, construction steel market consumption has not improved much after the declines. Therefore, in early July, construction steel price will continue to adjust in the next week.

2. Box steel market: The uptrend in the box steel market slowed down  in the week of 25/2021 due to a sharp decrease in consumption. In the North, Minh Ngoc and Nhat Quang group increased prices by 300 VND/kg for galvanized steel pipes on the first day of the week. However, in the southern region, no more businesses have increased their prices and even Hoa Sen group did not increase according to the schedule announced on June 23. The input price of HRC is decreasing trend while the decrease in consumption has a strong impact the box steel is moving sideways. In the near future, the market will not have too many fluctuations when there is only an increase schedule of Hoa Sen group on June 30th  and Nam Kim on July 1st

3. Imported HRC market: Week 25/2021, offers from China continued to decrease, SS400/A36 offers even fell below $900/ton CFR Ho Chi Minh City for the first time. The Indian market also tends to reduce the offered price; SAE 1006 India is popular at around $1,000/ton CFR, down from $30-50/ton CFR compared to orders in previous weeks. Although the offers from China and India are very soft at price, buyers are not interested in it because the domestic consumption market is falling sharply, the information is not clear about China's export tax with  the better price in domestic 

4. Domestic HRC market: The domestic market has basically moved sideways last week, the trade is quiet and there has not been any further reaction even though in the second half of the week positive signals appeared on the Chinese market. . In the Chinese futures market, HRC rose to $820/ton after falling below $800/ton at the beginning of the week. The market is expecting that domestic HRC can increase again in the near future. The uptrend can only happen when there is a big enough push, most likely in July instead of the end of this month.

5. Domestic scrap market: Northern scrap market :In 25th week of 2021,the trend growth is fading away following its comeback in South, after witnessing the increasing price race in the previous week at the North. In contrast, in the South market, Dong A steel increased by 200 VND/kg, Mien Nam steel increased by 300 VND/kg at the beginning of the week. Then, Scrap in the South continued to increase 200-300 VND/kg from Pomina, Mien Nam steel on June 23 and Tungho, Ponima2 in the last 2 days of the week.

6. Imported scrap market: In the import market, the price is at a high level of over 500 USD/ton CFR with Japan and about 520 USD/ton CFR with HMS of USA. The trading price this week is 485 USD/ton CFR, trending lower than last week 10 USD/ton CFR. In general, the high price in the import market partly explains the price of scrap in the North going sideways after Quoc Bao reduced the price by 300 VND/kg, not all at once.

7. Export billet market: In the billet export market, billet prices in many countries in week 25 tend to decrease slightly from 5-10 USD/ton. The average Duong Son billet fluctuates around $750-760/ton CFR, lower than last week. Billet bids from Vietnam also share a downward trend, the common price is at $640-650/ton FOB, the market didn't even record transactions. Therefore, it will be difficult for export embryos next week to prosper like in the previous period, especially with the movements of both the world and domestic markets.

8. Domestic billet market: The domestic billet market in the week of 25/2021 basically kept a sideways momentum in spite of slight fluctuations in the middle of the week, regardless of many downward pressure factors from construction steel, market sentiment and also the situation of embryo export is quiet. On June 23rd, there was a decrease in the price of billet, causing the price of billet to fluctuate quite widely with many different prices, in some places from 13,500-13,700 VND/kg, some places still from 13,800-14,000 VND/kg. However, after that, the billet was stable until the end of the week, the number of transactions and the number of offers were also small in the North and in the South, even without any transactions.