[SMM Steel] Vietnam HRC Offers Rise on Near-Term Supply Concerns

Published: Sep 07, 2026 16:52 (GMT+8)

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[Vietnam] Imported HRC offers in Vietnam strengthened following a fire incident at a major domestic steel complex, which raised expectations of tighter near-term supply. Offers for Indonesian-origin SAE1006 HRC increased to approximately USD 548–558/tonne CFR Vietnam, while the ASEAN HRC assessment rose by USD 8/tonne to USD 535/tonne CFR Vietnam. Another major Vietnamese producer was also expected to raise its selling prices and reduce allocations. However, buyers remained cautious toward the higher offers, and market acceptance has yet to be fully tested.

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