19
Apr
10:25
Vietnamese buyers show restraint as Chinese HRC escalates
The Vietnamese import market was sluggish during the past week amid the sharp run-up in Chinese HRC offers. Offers have gone up too quickly for Vietnamese buyers to accept.
Rerolling 2mm and up thickness SAE 1006 HRC from China for June shipment are offered at $565/t Vietnam. Offers were last week heard at around $545/t cfr. “It is very hard to close deals in Vietnam now because the gap between bids and offers is wide,” a Hanoi trader says. Bids for SA…
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Anonymous
Very good overview of the weekly steel market.
Anonymous