It is reported that recently, Vietnam’s large steel producer Hefa Steel raised the base price of hot coil delivery in March and April to $650 / ton CIF, an increase of $55 / ton compared to February, the price is the same as another large Vietnamese steel mill Formosa Ha Tinh.

 Recently, the price of China’s domestic steel trade has been stable and weakened. Some Southeast Asian customers are cautious about purchasing hot coil resources from Vietnam, and actively make inquiries to Chinese steel mills. Due to the cost of raw materials, some large steel mills are not willing to cut prices and export prices remain above $650 / ton, while some small factories have resource prices below $630 / ton, and a small number of orders are concluded.

 Recently, South Korea and China’s Taiwan hot roll export to Southeast Asia at the price of $650 / ton CFR, the price is basically the same as the mainstream resources in Vietnam; Russia’s mainstream hot coil export quote at $700 / ton FOB, a small number of orders exported to Turkey; The export price of Indian hot roll is $720-740 / ton FOB, mainly exported to Southern Europe.