08
Apr
14:56
Vietnam's HRC import market takes a breather
The Vietnamese import market for Chinese hot rolled coil has cooled after continued price hikes since March, Kallanish notes. The commercial HRC market was particularly strong last month.
Three re-rollers and a leading stockist in Vietnam collectively ordered 60,000 tonnes of 2mm thickness SAE 1006 HRC from a Chinese Tier 1 mill at $938/tonne cfr on 1 April. The cargo is due for June shipment. A Chinese trader says the Vietnamese re-roller had no other supply opti…
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Anonymous
Very good overview of the weekly steel market.
Anonymous