BBN steel reports: Asian hot rolled steel coil prices continue to rise

In Vietnam, most of the prices of imported hot rolled steel coils have risen. At present, the quoted price of SAE1006 hot rolled steel coil and similar products imported from China is 435-445 US dollars / ton (CFR), which is 5-15 US dollars / ton higher than the previous price. Korea $470 / T (CFR Vietnam). Both China and India offer $450 USD/ T (CFR, Vietnam) for SS400 hot rolled steel coil export, but the buyer's offer is only 435-440 US dollars / ton (CFR, Vietnam).

According to some market participants, the negotiated discount price of Indian hot rolled steel coil is 440 US dollars / ton (CFR, Vietnam), and Indian hot rolled steel coil maintains a certain price advantage in Vietnam market compared with China, Japan and South Korea.

In India, the latest hot rolled steel coil export price is 435-440 US dollars / ton (FOB), which is 15 US dollars / ton higher than the previous price. According to information, Indian steel mills had sufficient orders for hot rolled steel coil export in July, and domestic demand for hot rolled steel coils was also improving. Domestic orders for hot rolled steel coil in August were also good. Late June. Indian hot rolled steel coil import quotation is 480-485 US dollars / ton (CFR), which is basically the same as the previous price, but the actual trading volume is relatively limited. At present, the ex factory price of hot rolled steel coil in India is 34500-35000 rupees (453-460) US dollars / ton, which is the same as the previous price.

As of June 26, China's mainstream export quotation of 3-12mm SS400 hot rolled coil was 450 US dollars / ton (FOB), 5 US dollars / ton lower than the previous price. The import price of ASEAN hot rolled steel coil is 444 US dollars / ton (CFR), which is roughly the same as the previous price.

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