26
Apr
10:12
Vietnamese HRC market lags higher Chinese offers
The Vietnamese import market continued to be sluggish during the past week on firm Chinese hot rolled coil offers, Kallanish notes.
Vietnamese buyers are slow to accept these offers, which were supported by Shanghai steel futures and iron ore markets. Cheaper quotes were also being withdrawn amid concerns of a crackdown on VAT evasion.
Rerolling 2mm and up thickness SAE 1006 HRC from China for June shipment is being offered at $555-560/tonne cfr Vietnam. There a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous