16
Jun
12:52
Vietnamese HRC buying picks up
Buying in Vietnam’s hot rolled coil market has improved on the back of Chinese tailwinds, Kallanish notes.
On Friday, 50% 2mm thickness SAE 1006 HRC from China for shipment by 10 August is offered at $585/t cfr Vietnam and 3mm base Q195 HRC for shipment by end-July at $558/tonne cfr.
“We want to wait,” says a trader in Ho Chi Minh City (HCMC) who is receiving offers for Q235 and SS400 HRC at $560/t cfr. “It is hard to accept t…
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Anonymous
Very good overview of the weekly steel market.
Anonymous