27
May
16:30
Vietnam's HRC import market slips into doldrums
The Vietnamese market for imported hot rolled coil continues to be quiet on weak demand, Kallanish notes.
Chinese mills’ offers continue to falter. SAE 1006 HRC from a popular Chinese mill is being offered at $770/tonne cfr Vietnam from $780/t cfr the week before, Vietnamese trading sources report. The market is very bad due to rising interest rates and the stronger dollar, a Vietnamese trader says. The Vietnamese HRC market is “dead”, an Indian…
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Anonymous
Very good overview of the weekly steel market.
Anonymous