en.Wedoany.com Reported - Vietnam's Formosa Ha Tinh Steel (FHS) announced in early July 2026 that it would reduce domestic sales prices for hot-rolled coil (HRC) for August to September shipment by about $40 per ton. Following this adjustment, its SAE1006 grade HRC is quoted at approximately $545 per ton in Ho Chi Minh City. A week earlier, another major Vietnamese steelmaker, Hoa Phat Group, had also cut its August-delivery HRC prices by $34 per ton.

According to industry agency BigMint, Vietnam's domestic HRC market has been under sustained pressure recently. Demand remains weak, with buyers generally adopting a wait-and-see approach ahead of the monthly price announcements from major steel mills. Meanwhile, falling import HRC prices in Southeast Asia have further dampened market sentiment. Against a backdrop of no significant recovery in demand, trends in import quotations will continue to influence the pricing strategies of local Vietnamese steel mills.

HRC is a fundamental steel product widely used in industries such as automotive, machinery manufacturing, construction structures, and pipelines. Its price trends are regarded as an important indicator of the health of the manufacturing and construction sectors. As Vietnam is a key steel consumption market in Southeast Asia, its price movements have a certain impact on the regional steel trade landscape. Industry analysts expect that, without a notable rebound in demand from manufacturing and construction, Vietnamese HRC prices will still face downward pressure in the short term.