Overview Of Vienam Steel Market ( from 26th to 30th July, 2021)

  1. Domestic scrap market: The situation of severe Covid-19 epidemic is affecting the market nationly, scrap continues to be scarce in the last week. TISCO announced to increase the price of scrap to 200 VND / kg. In other key scrap areas in the North, scrap also tends to  increase slightly or is waiting to increase. Meanwhile, the scrap market in the South is extremely quiet when the epidemic is unpredictable and the scope of distancing is widening.
  2. Imported scrap market: Many enterprises also divert the import of scrap steel. Last weekend and this week there were quite a few orders imported into Vietnam successfully traded. Among these are mainly scraps from the US, Australia, Hong Kong ... The popular price range from $460-470 per tonne CFR. H2 offers now range from $480-505 per tonne CFR this week.
  3. Imported HRC market: China's HRC export prices are absent this week. Vietnam's HRC import market in the past week has become a "playground" of India and Russia due to the high offer prices of Japan and Korea. Russia offered a steady price of $890 per tonne CFR throughout the week. The Indian seller also actively offered the price of SS400 at 915 USD / ton CFR, India also offered the price of A572, SAE 1006 at competitive prices.
  4. Domestic HRC market:. The upward momentum of the Chinese term market, plus the psychology in the domestic market causes the adjusted price to increase after a long sideways period. In addition, the removal of difficulties in transporting goods with steel is also an important factor. Therefore, the domestic HRC price on July 30 tends to increase the price from 100-500 VND / kg depending on the type.
  5. Export steel billet market: The export price of billet is still high. the export market of construction steel is promising. Vietnam's embryo price offer to Southeast Asian markets is about 710 USD / ton CFR, for the Chinese market from 720-730 USD / ton when the price of workpiece in Tangshan tends to increase and the Chinese steel market is still on the rise.
  6. Domestic steel billet market: Last week, witnessed the upward momentum of domestic billet, offered the price of billet continuously adjusted through increases of 100-300 VND / kg depending on the type. Although prices tend to rise, trading has not increased sharply compared to demand. The reason is that sellers are still restricting the launch of embryos to the market because of expectations of a price increase due to increased scrap prices and shortages of goods plus rising export embryos.
  7. Construction steel market: In July, the construction steel market had only one decrease adjustment earlier in the month. Construction steels are actively being exported, not only wire rods but also tree steel. However, not all factories have an export market.
  8. Box steel market: The box steel market has been under a lot of pressure both of consumption and the price of input materials. the past week, Box steel has seen a slight correction in the beginning of the week and then went sideways until the end of the week with the trading volume not flourishing. In addition, the adjustment if available in the box steel market will take place more slowly than the development in the market of other finished steels such as construction steel, shaped steel.

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