- Domestic scrap market: Buyer activity was generally slow in the Vietnamese Domestic scrap market. On July 14th , The price of TISCO increased 200 VND / kg, Hoang Phat in Hai Phong also increased the price of scraps . In the Central region, The price of Nghi Son fluctuates around 11,000-11,200 VND/kg. Then on the last official trading day, Shengli adjusted to increase the price of scrap by 300 VND / kg each to raise the price to 11,200 VND / kg. In the South, growth prospects have collapsed following the implementation of stringent containment measures by governments as they tried to limit or slow down the spread of the COVID-19 epidemic
- Imported scrap market: In the import market, Scrap prices tend to decrease slightly. Japanese and American scraps show signs of shortage of goods. Therefore, the possibility of reducing H2 import prices in the short term is also unlikely. At the weekend, the offer tends to be stable at 500USD/ton CFR, which is a sign that the outlook for maintaining domestic scrap prices is less volatile.
- Imported HRC market: Vietnamese HRC import market is relatively active in terms of the number of applications and prices tend to increase significantly. Chinese forward prices continue to rise, offers in China for HRC types fluctuates by 20-50 USD /ton. Therefore, Vietnam's HRC imports will continue to tend to favor goods from India. It is estimated that nearly 100 thousand tons of SAE 1006 have been successfully traded by buyers from Vietnam with sellers from India at 925-930 USD / ton CFR. Currently, HRC Vietnam market also has a price offer from Posco Indonesia. Offers from Ho Chi Minh City is 930 USD / ton CFR.
- Domestic HRC market: After price adjustment, SS400 of large enterprises is heading towards the mark of VND 23,000 / kg. Because the epidemic is still complicated, especially in the South, HRC transactions are also affected. In the near future, if the input price pressure continues to increase sharply, the possibility of a domestic HRC price increase is quite possible even if the epidemic is affecting purchasing power.
- Export billet market: Offers for billet have increased simultaneously after Duong Son embryos increased significantly and the Chinese forward market continues to maintain upward momentum. The embryo's offer has been close to the $700/ton mark of CFR in Southeast Asia and China. In the middle of the week, the price almost passed this mark.Offers in Vietnam at 680-683 USD/ton of FOB, equivalent to about 705-710 USD/ton CFR China, Southeast Asia, Taiwan.
- Domestic billet market: This week was rather calm in terms of domestic purchases. Following several weeks of cooling down gradually, the domestic billet market flattened, the successful trading price on the market is from 13,800-13,900 VND / kg. Domestic billet market endured a volatile in the next week, Especially, the implementation of stringent containment measures by governments as they tried to limit or slow down the spread of the COVID-19 epidemic
- Construction steel market: Following several weeks of cooling down gradually, the Construction steel market flattened. As the epidemic continues to be stressful, especially in the South, the difficulty of consumption with businesses continues to increase. In addition, the scrap and billet price increased slightly. the price of construction steel will be endures a volatile in next week
- Box steel market: the steel box market basically went sideways in price and noted a new move on the Hoa Phat side in the second half of this week. The prices of factories this week are basically equal, mostly below 27,000 VND / kg, only Hoa Sen has a higher price. the price going sideways in the box tube market will persist.
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