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09 Dec
14:49

Vietnamese HRC market surges on Chinese steel rise

The Vietnamese hot rolled coil market continues to see price gains spurred by a strong Chinese steel market rebound, Kallanish notes. Prices from all mills are heading upwards quickly and buyers are accepting moderate price increases. A booking for 60,000 tonnes of SAE 1006 2mm up thickness HRC for January shipment from a Tier I Indian mill was made at $560/tonne cfr Ho Chi Minh City (HCMC) during the week ending 2 December. This has reaffirmed that the …
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