The Vietnamese hot rolled coil import market continued to struggle last week, Kallanish notes. Traders continued to spread bearishness by inviting bids for material at low levels.
Early last week, a Vietnamese stockist, acting for local re-rollers, is heard to have ordered 60,000 tonnes of Indian-origin HRC for August shipment at around $675/tonne cfr Ho Chi Minh City. “It was a special deal,” a Vietnamese trader says of the low transaction price.…
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