- Domestic scrap market: In the past week,Domestic scrap prices have been quite unpredictable under the impact of the epidemic and the decline of domestic embryos also put more pressure. Basically for most of the week, large factories and scrap yards are still trying to keep their purchase prices.
- Imported scrap market: The trend of global scrap prices is decreasing leading to a decrease in scrap imports into Vietnam. H2 bids to Vietnam were steady at $470-475 per tonne of CFR before the Kanto bid, then dropped to $465 per tonne of CFR in the weekend.
- Imported HRC market: Russian factories are offering below $900 a tonne of CFR, which is more competitive than India's, while the Chinese prices and tariff risks. This week the market situation lacked positive signals when almost no HRC imports were recorded.
- Domestic HRC market: The past week saw the extension of social distancing across many provinces and strong measures of the government, causing HRC market sentiment to continue to weaken, consumption to decline. In addition, the correlation impact on imported HRC offers. Following Formosa's discount announcement last weekend on August 17, the market received the news of Hoa Phat's HRC discount with a decrease of $ 20 per ton.
- Export steel billet market: The price of workpieces shipped in TangShan has continuously decreased to the mark of 5000NDT / ton. This caused the embryo market export to China to continue to decrease, the price of embryos exported from Vietnamese factories at 630-640 USD / ton FOB, sharply decreased by 30-40 USD / ton compared to last week.
- Domestic steel billet market: The decline rekindled last week in the embryo market, and continued in the past week due to the situation of domestic consumption and developments in the export market affected by the Chinese steel billet market.
- Construction steel market: It can be seen that, after the downward corrections in June and July did not bring much effect on improving consumption, in the past week is also the third week of August, factories have almost no price correction. At this time, the volume of steel construction export also tends to decrease compared to July 2021 when steel prices in many countries decreased, making Vietnam's price is no longer to have many competitive advantages.
- Box steel market: As expected, the box steel market witnessed the upward correction of some brands in the North on the first day of the week with an increase of 300 VND / kg, but after that the market did not have many positive changes. During the official trading day of the weekend in the Southern market recorded a number of factories adjusting slightly.
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