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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