04
Apr
14:50
Speculative traders drag down HRC market in Vietnam
Speculative traders drove down the Vietnamese commercial-grade hot rolled coil import market quickly on Tuesday. The already negative market sentiment in Vietnam continues to worsen amid weakness in Chinese steel futures, Kallanish notes.
Some traders were offering Chinese-origin 3-12mm thickness SS400 HRC at as low as $618/tonne cfr Vietnam and Q195/Q235 grade HRC at $610/t cfr. “They are very aggressive and I think they are short-selling,” a Hanoi t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous