Vietnam’s domestic steel price has dropped to its lowest level under the effect of inflation and the depreciation of the Dong.
As per report Vietnam domestic HR price is only quoted around USD 810 per tonne much lower than the international price. HR export price is quoted around USD 900 per tonne FOB.
It is predicted by Vietnam’s traders that the domestic steel market will continue to weaken for some time and a rebound is anticipated to come in the fourth quarter.
