Imported Scrap Metal Market:

The imported scrap metal market is more active this week with numerous bids from Japan and the United States. Bid prices continue to trend upwards, particularly with successful transactions.

Domestic Scrap Metal Market:

Towards the end of the week, Shengli increased scrap metal prices, which could boost the cautious domestic scrap metal market due to fluctuations in the construction steel sector.

Export-Import Steel Billet Market:

Demand in Southeast Asia is improving, leading to higher price transactions. As a result, steel billet prices from suppliers have increased. Vietnam's export-import billet prices have also seen a slight rise.

Domestic Steel Billet Market:

The scrap metal and construction steel markets show positive signals, but their impact on the billet market remains limited. Billet prices have only inched up by 0.4%, and sellers still face difficulties in raising prices.

Imported HRC Market:

The imported hot-rolled coil (HRC) market continued to rise at the beginning of the week but declined towards the end, following the trend of futures prices. Most bids came from China, and transactions were recorded this week.

Domestic HRC Market:

Influenced by futures and import prices, coupled with slow demand improvement, domestic HRC prices decreased slightly by 0.7% this week.

Export Steel for Construction Market:

Vietnam's export steel rod prices have slightly increased this week, following the upward trend in the Southeast Asian market. Meanwhile, the imported wire rod market remains quiet with no new bids recorded.

Domestic Steel for Construction Market:

After some factories removed price guarantees the previous week, the number of factories increasing steel for construction prices has grown this week. However, most factories are adjusting prices independently, leading to varying levels and frequencies of price adjustments.

Pipe and Box Steel Market:

 Hoa Sen has introduced new policies with price reductions to stimulate demand, indicating that consumption remains relatively weak. Consequently, expectations of price increases in the market have almost not materialized