HRC price increased by $15/mt, expected to increase in December 2022

Prices of billet, scrap, and coal all increased, putting pressure on HRC to increase slightly during the week. The price HRC China offers to Vietnam is at $550-555 CFR SAE1006, an increase of $15 compared to last week.
Construction steel factories in Vietnam have all announced price increases, specifically VAS factory has increased by $15/mt, other factories have announced price adjustment soon.
Under the influence of factories, the market seems to be more active, but demand is still weak.
The Malaysian market simultaneously ordered from Vietnam, specifically last week, the closing amount of $8,500mt, this is a positive signal that the Asean market is coming back.