It is reported that prices of all steel products in Vietnam are sliding due to weak demand and sharp fall in offer prices from the main supply source China.
As per market information, there are no transactions because buyers have no confidence and thus are in wait and watch mode.
Market players are worried as within last week Chinese mills dropped price offers by USD 40 per tonne. Furthermore, many cargoes under position bases have been offered recently proving that international traders are clearing their stocks in order to prepare new round of cycle.
The prices in the Vietnamese steel market are reported to be as under
1. Imported steel scrap offered at USD 405 per tonne CFR Vietnam
2. Wire rod import offers are at USD 640 per tonne CFR Vietnam as compared to domestic price of USD 620 per tonne for 8mm SEA 1008 and USD 640 per tonne for 5.5mm SAE 1008.
3. Narrow HR strip 1.3mm to 2mm x 355mm import offers at USD 625 per tonne CFR as against domestic price of USD 610 per tonne
4. Middle HR strip 2.5mm x 735mm import offers at USD 645 per tonne CFR as against domestic price of USD 615 per tonne
5. HRC 3mm and up import offer at USD 600 per tonne CFR Vietnam probably for positioned cargo as against domestic price of USD 560 per tonne to USD 570 per tonne
5. HRC re export price for Indian market down from USD 620 per tonne FOB Ho Chi Minh to USD 580 per tonne FOB
Domestic prices in USD worked out taking exchange rate of VND 18,950 to VND 19,000
www.steelprices-china.com is a comprehensive service for tracking real time domestic steel prices and trends in China on daily basis.
The scope of service includes
1. Domestic pricing information in China
2. Export levels from Turkey, Rotterdam, China, India and Black Sea
The service is specifically designed to assist steel makers, traders, users and others connected with the industry to keep track of real time prices prevailing in the market and thus comprehensively evaluate steel pricing trends in the trend setting region
Methodology and access
1. Benchmark products in each category with fixed commonly used sizes and grades
2. Average transaction levels which have settled well, based on continuous interactions with domestic mills and traders
4. On fixed market oriented payment terms
5. Daily updates
6. Data available since July 2008
5. Access through web site
Products covered
1. Input materials and semis
2. Long Products
3. Flat Products
5. FOB levels for export FOB Black Sea, China, Turkey and India
1. Input materials and semis
| Product | Locations |
| Metallurgical Coke - A<12.5%,S<0.6% | Handan, Hejin, Huaibei, Pingdingshan, Qitaihe, Shanghai, Tangshan, Weifang |
| Coke - Common | Guizhou Province, Yunnan Province |
| Scrap - 6-8mm | Acheng, Anyang, Beijing, Benxi, Chongqing, Dalian, Guangzhou, Hangzhou, Hefei, Jiangyin, Jinan, Kunming, Laiwu, Lanzhou, Lingyuan, Liupanshui, Loudi, Shanghai, Tangshan, Tianjin, Tonghua, Wuhan, Wuyang, Zhangjiagang |
| Pig Iron - Z18-22 | Anshan, Changzhou, Guiyang, Harbin, Kunming, Linyi, Linzhou, Taiyuan, Weihai, Wuan, Xuzhou, Yicheng |
| Pig Iron - L08-L10 | Anyang, Guiyang, Harbin, Kunming, Linyi, Longyan, Maanshan, Taiyuan, Tangshan, Wuan, Yicheng, Zibo |
2. Long Products
| Product | Locations |
| Angle - #5 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Channel - #16 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Beam - #25 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Rebar - 12mm HRB335 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Rebar - 20mm HRB335 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Rebar - 20mm HRB400 | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| WRC - 6.5mm Common | Changsha, Chengdu, Chongqing, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Zhengzhou |
| WRC - 6.5mm HS | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Guiyang, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Billets - Q235 | Fujian, Hanzhong, Liaoyang, Linfen, Linzhou, Shandong, Tangshan, Tianjin, Zibo |
| Billets - 20MnSi | Fujian, Liaoyang, Linfen, Linzhou, Shandong, Tangshan, Tianjin, Zibo |
3. Flat Products
| Product | Locations |
| Plates - 8mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| Plates - 20mm | " |
| Plates - Low Alloy | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Wuhan, Xian, Zhengzhou |
| Ship Plate - 10mm | Chongqing, Fuzhou, Guangzhou, Jinan, Nanjing, Ningbo, Shanghai, Tianjin, Wuhan |
| Ship Plate - 20mm | Fuzhou, Guangzhou, Jinan, Nanjing, Ningbo, Shanghai, Tianjin, Wuhan |
| HRC - 3mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| HRC - 4.75mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| HR Strip - 183*2.75 | Chengdu, Guangzhou, Hangzhou, Lecong, Shanghai, Tangshan, Tianjin, Wuhan, Wuxi |
| HR Strip - 685*3.5 | Changsha, Chengdu, Chongqing, Guangzhou, Hangzhou, Shanghai, Tangshan, Tianjin, Wuhan, Wuxi |
| CR - 0.5mm | Chengdu, Chongqing, Guangzhou, Hangzhou, Kunming, Lanzhou, Qingdao, Shanghai, Urumchi, Wuhan, Xian |
| CR - 1.0mm | Beijing, Changsha, Chengdu, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Hefei, Jinan, Kunming, Lanzhou, Nanchang, Nanjing, Qingdao, Shanghai, Shenyang, Shijiazhuang, Taiyuan, Tianjin, Urumchi, Wuhan, Xian, Zhengzhou |
| HDG - 0.5mm | Beijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou |
| HDG - 1.0mm | Beijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou |
| HDG - 0.476mm | Beijing, Boxing, Chongqing, Fuzhou, Guangzhou, Hangzhou, Harbin, Nanchang, Shanghai, Shenyang, Tianjin, Wuhan, Xian, Zhengzhou |
4. FOB levels for export FOB Black Sea, China, Turkey and India
Weekly basis
A. Input & semis
| Product | Location |
| Scrap | Rotterdam, Turkey |
| Billets | CIS, China & Turkey |
B. Long Products
| Product | Location |
| Rebars | CIS, China, Turkey |
| Wire Rods | CIS, China, Turkey |
C. Flat products
| Product | Location |
| HR | CIS , China |
| CR | CIS , China |
| HDG | CIS , China, India |
| PPGI | India |
| Plates | CIS , China & India |
Other features
The prices are displayed on weekly and monthly basis. They also have search facilities to access old data from the archives. Graphical representation of trends and comparison of price movement 2 or more products is also available.
In addition, you can monitor currency exchange rates, metal prices, BDI for the day as well as access their archives for past data.
Other features include converters for weight, length etc, glossary and advanced search functions. The benchmark product price information is supplemented by global pricing news.
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