Posted on 15 Dec 2025
The Vietnamese market for imported hot rolled coil was muted last week, Kallanish notes.
Interest for Indian-origin HRC appears to have waned after some heard bookings at $475/tonne cfr Vietnam through the week of 5 December.
On 9 December, an Indian mill’s HRC offer for 20,000 tonnes was heard at $477-478/t cfr Ho Chi Minh, Phu My, or Long An port in Vietnam. The cargo, for minimum 30% 2mm thickness HRC, was for due for shipment by 10 January. “It seems that there are no takers,” an importer said last Friday.
“Customers are asking for $470/t cfr,” a Vietnamese trader says of Indian-origin material. He has also heard of some position Indian HRC lots of 5,000t each offered at $485/t cfr, which “cannot sell yet”.
Kallanish assessed SAE grade 2-2.7mm thickness HRC at $475-480/t cfr Vietnam on 5 December, unchanged on-week.
Chinese 2m-width Q235 grade 3mm base HRC was offered at $467/t cfr last week. “Chinese HRC prices are stable but January shipments are very risky now. I don’t hear of any orders,” the trader notes. Wide-width Chinese HRC faces the prospect of pending anti-dumping action after Vietnamese producers filed a petition with trade authorities for alleged circumvention of the existing AD on Chinese HRC.
Domestic producer Formosa Ha Tinh Steel trimmed its domestic monthly prices for January/February allocations of hot rolled coil last Wednesday. Its offer for 20,000t and above orders of non-skin passed 2-12mm base thickness SAE 1006/SS400 HRC is now tagged at $496/t cif Ho Chi Minh City, down $15 on-month.
Source:Kallanish
