25
Oct
12:57
Vietnamese HRC market falls amid little support
The Vietnamese hot rolled coil market remains under pressure amid ever-lower prices for Chinese material, Kallanish notes.
Bids are currently being invited for 3-12mm thickness Chinese SS400 HRC at $520/tonne cfr, Vietnamese market sources said on Tuesday. The lowest price heard for same grade and thickness HRC last Friday was $530/t cfr Vietnam.
Domestic demand in Vietnam is depressed mostly due to credit tightening measures designed to rein in the Vietnamese&nb…
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Anonymous
Very good overview of the weekly steel market.
Anonymous