Vietnam’s dealing price for China's hot rolled sheets come to unbelievably US$870/ton on C&F basis, which has gone far beyond Chinese insiders’ imagination.

China’s first-class steel mills set their export price at C&F US$1,050/ton, much higher than that dealing price. It is therefore estimated that such low price is presumably resulted by some brokers’ hasty sales to collect cash.

Some insiders believe that US$870/ton for hot rolled sheets are definitely too low and such dealing price could be an individual case. Despite the general slide, China’s current steel prices won’t suffer such severe nosedive at present.