22
Apr
15:15
Chinese HRC export prices slide further in Vietnam
Chinese hot rolled coil offers have fallen further in Vietnam, Kallanish notes. Chinese steel exports are now cheaper because of the recent RMB currency depreciation.
Chinese 2-2.5mm thickness SAE 1006 HRC offers are now prevailing at $890-895/tonne cfr Vietnam, down from $910-915/t cfr during the 15 April week. For 3-12mm thickness SS400 HRC from China, offers are $15/t lower at $840-845/t cfr. Chinese suppliers are eager to export. A Chinese trader notes th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous