16
Aug
11:55
Vietnamese buyers seek redress from Chinese HRC plunge
Plunging Chinese hot rolled coil offers in Vietnam are causing some disorder, Kallanish notes. Some buyers are trying to renegotiate from previous contracts concluded when prices were higher.
Offers for Chinese HRC plunged over the past week in Vietnam. Chinese offers for 3-12mm Q235 HRC fell to around $460/tonne cfr for shipment by 10 October. Offers for 3mm base thickness Q195 HRC are at as low as $458/t cfr. Some deals transacted at $456-458/t cfr, trading sour…
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Anonymous
Very good overview of the weekly steel market.
Anonymous