Offer prices for hot rolled coils of Q235 and Q195 quality, with thicknesses ranging from 3-12 mm, are around 550-555$/ton CFR Vietnam. On Tuesday morning, several deals were made for Q235 hot rolled coils at around 550 $/ton CFR. However, it was reported that buyers lowered their offers in the afternoon, and further deals did not materialize.
A trader from Ho Chi Minh City noted a sharp decline in HRC prices and mentioned that a small order was placed at 552 $/ton CFR on Tuesday morning. However, currently, offers for Q235 hot rolled coils are coming in at 550$, with everyone offering around 545$ or lower.
The offer prices for Q235 hot rolled coils from China were around 557-558$/ton CFR Vietnam before the market closed due to Lunar New Year celebrations in early February.
The re-rolling of SAE 1006 quality hot rolled coils with a thickness of 2 mm and above from China is currently being offered at 585-590$/ton CFR Vietnam. Most of the offers for Chinese SAE 1006 hot rolled coils were around 600$/ton CFR in early February. Trade sources mentioned that they were unaware of any recent deals for SAE 1006 hot rolled coils on Tuesday.
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