[Vietnam] HCMC Strengthens Key Industry Supply Chains, Supporting Long-Term Demand for Industrial and Green Steel

[Indonesia] There has been significant movement in Indonesian HRC prices, particularly for CFR Vietnam. Prices are still ranging between 510–520 USD/metric ton CFR Vietnam; however, they may decline as some buyers are attempting to negotiate prices below 510 USD/metric ton CFR Vietnam today, although this does not apply to immediate shipments. However, thanks to strong HRC market fundamentals—where prices rose by about 5 USD/metric ton last week and have shown no signs of declining—prices are expected to remain stable despite pressure from bidders.

Vietnam’s Government has ordered ministries and local authorities to strengthen the coordination of common construction materials, including steel-related inputs, to ensure sufficient supply for national key projects. Measures include establishing a national database and digital map of construction material supply, improving regional supply coordination, forecasting supply and demand, and reviewing mine capacity and reserves to support infrastructure development. The move is expected to improve the availability of construction materials and support project-linked steel demand, particularly as large-scale infrastructure investment accelerates through 2030–2045.