16
Nov
11:31
Chinese steel weakness spreads to Vietnamese longs
A leading Vietnamese mill’s domestic price reduction for long products signals that steel demand in Vietnam is sluggish, Kallanish understands. The country had relied on exports of billet and wire rod to China and the ASEAN region to compensate for weak domestic demand during a long Covid-19 lockdown.
Hoa Phat cut its domestic prices for wire rod and rebar by VND 300/kg ($13/tonne) on Tuesday. “Vietnam is recovering but, overall, demand is still slower…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous