Vietnam HRC Price Update (Oct 2026 Delivery): Hoa Phat Drops Prices to New Bottom at ~$536.63/Ton — Strategic Market Insights for B2B Buyers
Hoa Phat Dung Quat has announced its latest domestic Hot Rolled Coil (HRC) prices for October 2026 shipments, marking a continued downward trend to a new bottom in Q3/Q4 2026. Non-VAT prices for SAE1006/SS400 grades dropped by 250 VND/kg (~$9.80/ton) to 14,210 VND/kg (~$536.63/ton) in Northern/Central Vietnam and 14,240 VND/kg (~$537.76/ton) in Southern Vietnam (converted at VCB exchange rate of ~26,480 VND/USD). This strategic price adjustment responds to competitive pressure from Formosa Ha Tinh (FHS) and low-priced import offers from China and India, giving downstream steel pipe, purlin, and galvanized steel manufacturers room to optimize Q4 procurement costs.
On September 5, 2026, Hoa Phat Dung Quat officially issued its latest pricing policy for domestic Hot Rolled Coil (HRC) orders scheduled for October 2026 delivery. The announcement confirms a continued price reduction, pushing domestic raw steel material costs to the lowest levels recorded in the second half of 2026.
Below is the detailed price breakdown, currency conversions, and regional distribution across Vietnam (Reference Vietcombank Selling Exchange Rate on Sep 3, 2026: ~26,480 VND/USD):
| Region | Steel Grade / Spec | Excl. VAT (VND/kg) | Incl. 10% VAT (VND/kg) | Converted Excl. VAT (USD/ton) | Converted Incl. 10% VAT (USD/ton) |
|---|---|---|---|---|---|
| Northern & Central Vietnam | SAE1006 / SS400 | 14,210 | 15,631 | ~$536.63 | ~$590.29 |
| Southern Vietnam | SAE1006 / SS400 | 14,240 | 15,664 | ~$537.76 | ~$591.54 |
Compared to the previous pricing cycle for August 2026 shipments (finalized in early July at 14,460 VND/kg for Northern/Central markets), Hoa Phat’s October pricing reflects a uniform reduction of 250 VND/kg (-1.73%).
| Region | Previous Offer (Aug 2026) | Current Offer (Oct 2026) | Variance (VND/kg) | Variance (%) | USD Change |
|---|---|---|---|---|---|
| Northern & Central Vietnam | 14,460 VND/kg | 14,210 VND/kg | -250 VND/kg | -1.73% | -$9.80 USD/ton |
| Southern Vietnam | 14,490 VND/kg | 14,240 VND/kg | -250 VND/kg | -1.73% | -$9.80 USD/ton |
For procurement directors, project managers, and steel processing plant executives, this price adjustment carries several strategic implications for raw material sourcing in Q4 2026:
- Aligning with Formosa Ha Tinh & Import Price Competition: Hoa Phat’s decision to drop prices to 14,210 VND/kg (~$536.63/ton) is a direct market response to maintain market share against Formosa Ha Tinh (FHS pricing tiers at 13,620 – 14,090 VND/kg) and low-priced HRC shipments originating from China and India.
- Input Cost Relief for Downstream Manufacturers: The lower baseline price for primary raw materials creates cost-reduction opportunities for steel pipe & tubing mills (HSS, black/galvanized pipes) and coated steel & purlin processors (cold-rolling mills, galvanizing lines, C/Z purlin forming).
B2B procurement teams must take immediate action due to a significantly tightened order confirmation window:
- Order Deadline: Before 12:00 PM on September 5, 2026 (moved earlier compared to standard cycle deadlines).
- Action Required: Downstream enterprises must finalize volume registrations with primary mills or Tier-1 distributors immediately to secure delivery allocations for October 2026.
Navigating raw material price cycles requires reliable sourcing, verified mill documentation, and flexible logistics. Efreso provides comprehensive supply solutions for enterprise contractors and manufacturers:
- 100% Authentic Mill Documentation: Full CO/CQ (Certificate of Origin / Certificate of Quality) directly from primary mills (Hoa Phat, Formosa, Posco).
- Custom Processing & Slitting: Professional coil slitting (coils to strips/ribbons) and length cutting to precise tolerances.
- Large Warehouse Capacity & On-Time Delivery: Direct jobsite and factory door delivery to keep project timelines on schedule.
Contact our Procurement Support Desk for real-time order locking or submit your technical specifications to receive an itemized commercial proposal within 2 hours.