13
Mar
09:12
HRC supply overwhelms Vietnamese market
Vietnam’s hot rolled coil market is being weighed down by a supply glut, Kallanish notes. Regional mills are still scrambling to export to Vietnam because of shrinking home markets.
Chinese mills are now back in Vietnam to offer prompt shipments in a bid to run down stocks which have accumulated due to the Covid-19 outbreak. On Friday, SAE 1006 HRC (50% is of 2mm thickness, and the balance for 2.3mm and up) from a popular Chinese mill is offered a…
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Anonymous
Very good overview of the weekly steel market.
Anonymous