29
Mar
12:26
Vietnamese HRC market goes into free-fall
Vietnam’s hot rolled coil import market is deteriorating in tandem with the fallout in the Chinese futures market, Kallanish notes. Aggressive suppliers are pressing down prices by floating lower-priced short-selling offers of Chinese commercial quality HRC in the market.
On Friday, offers for 3-12mm thickness Q235B HRC for May shipments from China are prevailing at $515/t cfr Vietnam compared to $520/t cfr earlier the same week and $535/t during the week th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous