[Revisão Semanal da SMM UE] Aço plano entra na “fase de concretização”; aços longos prejudicados pelos riscos de políticas futuras do CBAM

Last week, Vietnam’s steel market showed a mixed trend, with construction steel prices remaining relatively firm while HRC continued to face pressure from weak demand and low-priced imports. HRC prices remained relatively soft as cautious buying and strong competition from imported material, particularly from China, limited domestic mills’ pricing power. By contrast, domestic construction steel prices remained stable at around US$594/t EXW, equivalent to VND 15,500/kg, supported by firm upstream costs and limited competition from imported rebar due to tighter technical requirements and trade-remedy measures, while some distributor restocking provided support to market sentiment. Overall, the market remained divided, with long steel showing greater price resilience while HRC continued to face pressure from cautious demand and import competition.

[Vietnam] Vietnam’s steel market remained relatively stable, with construction steel prices easing slightly to around 530 USD/tonne EXW despite VND depreciation, while domestic prices in VND remained largely unchanged. HRC prices stood at approximately 514–521 USD/tonne CFR Ho Chi Minh City. Iron ore prices are receiving short-term support from expectations of a recovery in hot-metal output and a modest improvement in end-user demand, although significant supply pressure remains in the medium and long term. Meanwhile, the sharp rise in coal prices continues to erode steel mill profitability, while tight short-term supply is expected to remain difficult to ease in the near term. With no new price announcements from mills today, market participants increasingly expect the next pricing scheme to be introduced after the September 2 Independence Day holiday, keeping the market in a wait-and-see mode in the near term.

[Tarugo de Aço] Hoje, os preços de exportação FOB de tarugos quadrados subiram ligeiramente em USD 4/t, com cotações no Porto de Jiangyin em USD 463–468/t. Segundo o feedback, a base recente entre os mercados doméstico e de exportação para tarugos tornou-se favorável, e alguns traders ficaram mais ativos na compra de tarugos. No entanto, a demanda externa continua fraca, e cargas com preços elevados são difíceis de negociar. O mercado está imerso em forte concorrência, com casos de redução agressiva de preços para garantir pedidos