How about hot rolled steel coil price in Asian market

The trend of steel market in Asia is strong. The market price of flat products continued to rise. In Vietnam, the quotation of SAE1006 hot rolled steel coil (3830, 18.00, 0.47%) and similar products imported from China is 470-475 US dollars / ton (CFR), which is 20 US dollars / ton higher than the previous price. Japan offers US $500 per ton of hot rolled steel coil (CFR, Vietnam). The export quotation of SAE1006, SS400 and SPHC in South Korea remained at US $490 / T (CFR, Vietnam). Russia's hot rolled steel coil export quotation of 460-465 US dollars / ton (CFR, Vietnam) is roughly equivalent to that of Vietnam's mainstream steel mills. Indian steel mills have also raised their prices for hot rolled steel coil exports.

Some traders said that at present, some rolling enterprises in Vietnam have a large demand for hot rolled steel coils, and some rolling enterprises are purchasing hot rolled steel coils to replenish inventory. However, some steel pipe enterprises have little profit margin at present, and the demand for hot rolled steel coil is general.