Vietnam Mills Books 30,000 MT HRC from Russia

Imported HRC offers to Vietnam inched up this week following uptrend in export offers from China. On weekly basis imported HRC offer to Vietnam inch up by USD 5/MT from China.

A confirmed trade deal of around 30,000 MT of imported HRC ( big coils) with Russian based MMK steel was reported at around USD 530-535/MT CFR Vietnam. As per sources report to SteelMint, deals concluded by Hoa Phat and Minh Ngoc for June shipments as it takes longer time in transportation.

Currently Chinese HRC export offers is hovering at USD 530-535/MT FoB China.Last week the same stood around USD 525-530/MT FoB basis.

Current HRC Trade offers to Vietnam - Week 15, 2019
1.HRC (SAE 1006) 2-3mm/Chinese offer - Laiwu Steel is at USD 545/MT CFR Vietnam. Last week the offers were at USD 543/MT CFR basis for May shipments.

2.HRC (SAE 1006) 2-3mm/Chinese offer - Magang Steel is at USD 545/MT CFR Vietnam for May shipments.

3.HRC (SAE 1006) 2-3mm/Chinese offer - Shagang Steel is at USD 555/MT CFR Vietnam for May shipments.

4.HRC (SAE 1006) 2-3mm/Brazil offer - Arcelor Mittal is at USD 540/MT CFR Vietnam for May shipments.

5.HRC (SAE 1006) 2-3mm/Indian offer - JSW Steel is at USD 545/MT CFR Vietnam for May shipments.No major deal concluded yet

6.HRC (SAE 1006) 2-3mm/Indian offer - Essar Steel is at USD 545/MT CFR Vietnam for May shipments.No major deal concluded yet

End users in Vietnam are currently holding enough inventories and are not in the hurry to procure more material, as per reports.

News No: 4347
Date: 2019/04/12 - 16:28
News Source: SteelMint

Vietnam Mills  Russia  HRC  export  CFR 


Leave a Comment:


India: Bulk Pig Iron Export Volumes Halve in FY'19

According to customs data maintained with SteelMint, bulk Indian pig iron export volumes have come down sharply by 50% in FY19. India has exported 221,260 MT pig iron in FY’19 as against 446,250 MT in FY’18. In the month of March pig iron exports from India recorded at 50,000 MT against nil from the previous month.

Chinese Steel Market Highlights - Week 15, 2019

This week Chinese steel prices witnessed significant increase in domestic market following hike in iron ore prices fueled by limited supply in global market.Also strong futures, improved domestic demand along with higher profit margins lead to uptrend in Chinese steel prices.

South Africa: Iron Ore Exports Down 21% in Feb’19

South Africa iron ore exports down 21% in Feb'19: South African iron ore exports in Feb'19 recorded at 5.53 MnT, down 21% as against 7.05 MnT in Jan'19. As per sources, the exports dropped amidst Saldanha port maintenance in Feb'19.On yearly basis, the exports increased marginally as compared to 5.25 MnT in Feb'18.

Russia: MMK Steel Doubled Steel Shipments to Vietnam in CY18

As per sources, one of the world's largest steel producer and a leading Russian metal company Magnitogorsk Iron and Steel (MMK) has doubled its metal shipments to Vietnam in CY18 as compared to CY17.

Global Ferrous Scrap Market Overview - Week 15, 2019

Major global scrap markets observed price correction on weak demand globally. Turkish steel mills booked cargoes at lowered prices amid subdued steel demand. Japan's monthly Kanto tender for Apr'19 fetched bids lower by USD 15 against last month.

India: Tata Steel Invites Bid for 15,000 MT Imported Steel Scrap

Tata Steel Ltd has issued another RFQ (Request for Quotation) for procurement of 15,000 MT imported steel melting scrap for its newly acquired plant Bhushan Steel Limited recently, SteelMint learned from industry sources.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners