08
Oct
14:31
Exporters raise HRC offers to Vietnam
Exporters of hot rolled coil to Vietnam are bullish and have largely hiked offers. Importers continue to be bearish and are not keen to book, meanwhile, suggesting the market has bottomed, Kallanish notes.
A leading Indian mill has hiked its offer for 2mm and up thickness SAE 1006 HRC to $920/tonne cfr Ho Chi Minh City, up from $880/t cfr the week before. A Russian mill’s offer for same thickness and grade HRC has also similarly jumped by $35-40/t to $880/t …
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Anonymous
Very good overview of the weekly steel market.
Anonymous